ARENA Funding Announcement a Mixed Bag - Solar Citizens

ARENA Funding Announcement a Mixed Bag

Solar Citizens today welcomes the Federal Government's announcement for $1.4 billion over 10 years for ARENA, but condemns the mandate change that will allow the agency to fund fossil fuels.

"We welcome Morrison’s announcement of significant additional funding for the Australian Renewable Energy Agency. However allowing ARENA to invest in carbon capture and storage is a waste of public funds and will undermine ARENA’s mission," said Solar Citizens' National Director, Ellen Roberts. 

"There is urgent and important work to do in adapting Australia’s energy grid to ensure we can rapidly transition to 100% clean energy, and ARENA is the agency that can lead on this work."

"Billions of dollars have been poured into carbon capture and storage research to placate the fossil fuel industry and the results have been dismal. It’s time to move on from this failed project and focus on bringing down energy prices and emissions - only possible with clean renewable energy."

"Today’s announcement to allow ARENA to invest in fossil fuel technologies fits with Morrison’s commitment to locking Australia into expensive, polluting gas. However, Australia's manufacturing industry is best served by investment in a transition to the cheapest forms of fuel: wind and solar."

Ellen Roberts can be contacted on 0408 583 694.