Clean Energy Finance Corporation Amendment (Grid Reliability Fund) Bill 2020

November 2020

© Commonwealth of Australia 2020
ISBN: 978-1-76093-136-0

View the report as a single document:

View the report as separate downloadable parts:

Members

Chapter 1—Introduction

  Conduct of the inquiry
  Purpose and overview of the bill
  Background to the bill
  Reports of other committees
  Notes on references
  Acknowledgements

Chapter 2—Issues raised

  Overview
  Overall positions on the bill
  Success of the Clean Energy Finance Corporation
  Perceived threat to the Clean Energy Finance Corporation's independence
  Expansion to the definition of 'investment'
  'Grid reliability fund investments' and the Investment Mandate criteria
  Amendment to the definition of 'low-emissions technology'
  Underwriting New Generation Investments
  Exemption from investing at least half of funds in renewables
  Other matters
  Committee conclusion

Labor Senators' dissenting report

  Financial independence
  Watering down the emissions focus of the CEFC to allow for gas power generation investments.

Australian Greens' dissenting report

Appendix 1—Submissions and additional information

Appendix 2—Public hearing and witnesses

Committee Secretariat contact:

Committee Secretary
Senate Standing Committees on Environment and Communications
PO Box 6100
Parliament House
Canberra ACT 2600

Phone: +61 2 6277 3526
ec.sen@aph.gov.au

About this inquiry

The bill would amend the Clean Energy Finance Corporation Act 2012, to introduce a $1 billion Grid Reliability Fund, to support investments in new energy generation, storage and transmission infrastructure, including eligible projects shortlisted under the Underwriting New Generation Investments program.



Past Public Hearings

13 Oct 2020: Canberra

more...