PLEA Network

22 July 2022, Renew Economy: Bowen frees ARENA from Taylor’s fossil fuel mandate, puts focus back on renewables. The Albanese government has moved to reverse the former Morrison government’s attempts to redirect renewable energy funding to non-renewable technologies, issuing a replacement set of regulations to the Australian Renewable Energy Agency. (ARENA) Federal climate change and energy minister Chris Bowen said the new set of regulations will restore the agency’s focus on funding renewables, ending years of Morrison government attempts to redirect billions in funds to carbon capture and fossil fuel technologies. ARENA was established under the Gillard government to provide funding for the research and development of new renewable energy technologies, and formed part of the Clean Energy Package negotiated with the Greens, along with the Clean Energy Finance Corporation and the Climate Change Authority. It has has been instrumental in the emergence of a competitive renewable energy sector in Australia, particularly large-scale solar and more recently with battery storage and other supporting technologies needed a renewables based grid. Bowen says ARENA will be provided with a new mandate to “maximise the take-up of renewable energy” and to focus on electrification and energy efficiency. “The best way to put downward pressure on energy prices is to ramp up investment in renewables and that is exactly what we are doing,” Bowen said. Read more here