Wednesday, 14 September 2016
Budget Savings (Omnibus) Bill 2016; Consideration in Detail
The Clean Energy Innovation Fund provides debt and equity, not grants, to target clean energy technologies and businesses that have passed beyond the R&D stage but are not yet commercially ready to attract private sector capital. This type of government financial support will continue to support clean energy, but, unlike grants, will provide a return to the taxpayer. I think that covers the member's question.