Clean energy investment in Australia fell by 31% under Tony Abbott
by Katharine Murphy Deputy political editor from on (#SAHS)
Despite a record US$320bn going into the sector worldwide, the former PM's hostility towards the renewable energy target paralysed growth in Australia
Uncertainty over the future of Australia's renewable energy target under the Abbott government precipitated a 31% drop in clean energy investment in Australia, according to the annual report of the Clean Energy Finance Corporation.
The CEFC's chair, banker Jillian Broadbent, noted in a foreword to the report that the 2014-15 financial year "saw an all-time record of around US$320bn of global investment in clean energy".
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