Greens warn Clean Energy Finance Corporation overhaul a 'Trojan horse for coal and gas'

Adam Bandt says Labor and the crossbench should oppose the change and instead pursue renewables for the power grid

The Greens say a move by the Morrison government to overhaul the legislation underpinning the Clean Energy Finance Corporation to allow new investments in power grid reliability must be opposed, because it is a Trojan horse for coal and gas".

Federal parliament is set to resume next week. The government proposes to amend the Clean Energy Finance Corporation Act to enable the CEFC to establish and administer a $1bn grid reliability fund, and to create a special account for the initiative. The current legislation rules out investments by the CEFC in coal and gas.