Coalition says it may change Clean Energy Finance Corporation rules to fund coal plants

Josh Frydenberg says rules could allow CEFC to invest in projects that do not reduce emissions by 50% or more

The Coalition is considering changing the Clean Energy Finance Corporation rules to fund new coal-powered plants.

One week after the CEFC chief executive, Oliver Yates, told a Senate committee that investment in new coal plants were a very risky proposition for taxpayers, the energy and environment minister, Josh Frydenberg, said the change was an option because "it's called the Clean Energy Finance Corporation, not the renewable energy corporation".