ARENA Board Lapse is Bad News for Renewables
Solar Citizens has expressed concern that the terms of the board of directors of the Australian Renewable Energy Agency will expire this Friday with no plan to replace them.
‘ARENA oversees millions of dollars of vital government funded energy projects, and needs an experienced board to make informed and independent investment decisions,’ said Solar Citizens National Director Ellen Roberts.
‘It’s very unfortunate that the Federal government is allowing the terms of the current board to expire, with no arrangements in place to ensure the proper functioning of the organisation.’
‘We’re calling for the terms of the current board members to be extended, and ARENA to be fully refunded to allow it to continue its vital work in ensuring Australia’s smooth and timely energy transition.’
ARENA is also due to run out of funding for new projects this year.
The lapsing of the board terms comes as the Federal Government is actively considering expanding ARENA’s investment mandate to allow it to invest in non-renewable energy projects, such as carbon capture and storage.
‘This would open the door to funding gas and coal projects that are packaged up with questionable “low emissions” technologies, such as disproven carbon capture and storage, to pass them off as clean energy projects.’
‘ARENA and the CEFC are the last meaningful clean energy policies in Australia, and key to the Government’s strategy to invest in clean energy technology and lower emissions. The mandate change could see wind and solar lose out, as renewables will now need to compete with a broader range of technologies for grant funding.’
Solar Citizens advocates for the rights of the millions of Australians with rooftop solar, and anyone who wants to see an urgent transition to 100% renewable energy.
Ellen Roberts can be contacted for comment on 0408 583 694
Latest details on the ARENA board can be found in this Renew Economy article: https://reneweconomy.com.au/crunch-time-for-clean-energy-funding-as-arena-board-deadline-looms-19863/