Clean energy investment falls back to 2016 levels amid policy uncertainty
by Katharine Murphy Political editor from on (#4Q1NE)
The recent record investment in renewable energy is showing signs of slowing dramatically, the Clean Energy Council warns
A new snapshot of Australia's clean energy sector warns new investment committed in the first half of 2019 has fallen back to 2016 levels, when Tony Abbott invited an investment strike when he tried to abolish the renewable energy target.
While the Morrison government has been trumpeting record recent investment in renewable energy to rebut persistent arguments the Coalition lacks ambition on climate policy, an assessment of the investment outlook prepared by the Clean Energy Council, to be released on Wednesday, warns the positive trend is in danger of abrupt reversal because of the ongoing lack of policy certainty.
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