Australian RE braces for Abbott

Renewable energy advocates in Australia are braced for impact following the expected victory of Tony Abbott’s Coalition party, which has made scrapping the country’s carbon price scheme its first priority in power.

The Coalition has also put the country’s Clean Energy Finance Corporation (CEFC) on notice of the axe, and vowed to introduce stringent monitoring of noise emissions from wind farms. It has made conciliatory noises to Australia's mining and fossil fuel industries.

Abbott’s comprehensive victory still leaves him relying on the support of minority parties in Australia’ senate, and facing the legal complexities of unwinding the flagship environmental policies of the his Labor predecessor.

The Coalition has also pledged to carry out a thorough review before formulating a detailed Energy policy.

However, Abbott’s Log in to read complete article.

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