{"id":43275,"date":"2020-09-18T06:05:57","date_gmt":"2020-09-17T19:35:57","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=43275"},"modified":"2024-07-03T13:33:45","modified_gmt":"2024-07-03T04:03:45","slug":"arena-funding-reactions-mb1688","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/arena-funding-reactions-mb1688\/","title":{"rendered":"ARENA’s New Funding: Reactions"},"content":{"rendered":"

\"ARENA<\/p>\n

The Morrison Government yesterday announced new long term funding for the Australian Renewable Energy Agency – and an expanded focus that includes dabbling in fossil fuels.<\/p>\n

The Agency was established under a Labor Government back in 2011 with support from the Liberal-National Opposition. Its stated purpose is to<\/a>:<\/p>\n

“improve the competitiveness of renewable energy<\/b> technologies and increase the supply of renewable energy<\/b> through innovation that benefits Australian consumers and businesses.”<\/p><\/blockquote>\n

(emphasis mine)<\/p>\n

It hasn’t always been smooth sailing for ARENA, with Tony Abbott taking a crack at axing it<\/a>; but in more recent years the Government has been keen to bathe in the agency\u2019s successes. ARENA has supported 543 projects with $1.58 billion of funding that has leveraged nearly $5 billion in additional private and public sector investment.<\/p>\n

But the future of ARENA became uncertain again early this year\u00a0after it started running low on cash<\/a>.<\/p>\n

ARENA’s coffers could be filled again after Prime Minister Scott Morrison and Minister for Energy and Emissions Reduction Angus Taylor announced<\/a> a total funding package of $1.62 billion; including guaranteed baseline funding of $1.43 billion over the next ten years.<\/p>\n

As for the “expanded focus” bit, it includes support for Carbon Capture and Storage (CCS); which has up until now been off-limits for the Agency. Carbon Capture and Storage is the process of capturing carbon dioxide at the point where it is generated, such as at a coal-fired power station, and transporting it to a site where it will be stored – usually underground – for (hopefully)\u00a0 a very, very long time.<\/p>\n

Aside from the viability of CCS being a topic of some debate, it acts to prop up continued fossil fuel use; although incorporating CCS adds significantly to the cost of electricity generation.<\/p>\n

This isn’t a done deal – it still requires parliamentary approval.<\/p>\n

Here’s a selection of some reactions to the news.<\/p>\n

ARENA: Yay!<\/h2>\n

It’s never wise to bite the hand that feeds – particularly when you’re starving – and no doubt the good folks of ARENA are feeling a little more positive about their future.<\/p>\n

\u201cWe are delighted to see ARENA\u2019s important role acknowledged with new funding, and we welcome a new era for ARENA,” said<\/a> CEO Darren Miller. “There is still much work to be done but with an experienced team, industry knowledge and strong networks across a range of technologies and sectors, ARENA is well positioned to support Australia\u2019s energy transformation and emissions reduction goals.”<\/p><\/blockquote>\n

Clean Energy Council: Great, But..<\/h2>\n

Clean Energy Council Chief Executive Kane Thornton said<\/a> the commitment will ensure continued support for renewables research.<\/p>\n

“While expanding ARENA’s mandate to include carbon capture and storage is a disappointing distraction, the vast majority of this new funding is consistent with the energy industry and investors\u2019 strong commitment to renewable energy and energy storage,” stated<\/a> Mr. Thornton.<\/p><\/blockquote>\n

Climate Council: An Act Of Vandalism<\/h2>\n

Climate Council Senior Researcher Tim Baxter tackled the expanded focus head-on, stating<\/a> supporting technologies such as carbon capture and storage is aimed at prolonging the life of the fossil fuel industry<\/p>\n

\u201cWind and solar are the cheapest, most effective ways to reduce emissions. We need ARENA to invest in what we know works, not wasting taxpayers\u2019 money on risky, polluting projects.”<\/p><\/blockquote>\n

ACF: Angus’s Fossil Fuel Obsession<\/h2>\n

The Australian Conservation Foundation wasn’t particularly thrilled either, stating while there were some good elements in the announcement, it also appeared to be an extension of Minister Angus Taylor\u2019s obsession with fossil fuels. The organisation noted CCS has already received $1.3 billion in taxpayer support with “almost no” commercial successes.<\/p>\n

“The $1.4 billion for the Australian Renewable Energy Agency over the next decade represents a funding cut, based on the agency\u2019s historical funding, while expanding its work to invest in dirty technologies,\u201d said<\/a> ACF\u2019s climate program manager Gavan McFadzean.<\/p><\/blockquote>\n

Solar Citizens: Undermining ARENA’s Mission<\/h2>\n

While welcoming the ARENA lifeline, Solar Citizens condemned the mandate change allowing ARENA to fund fossil fuels.<\/p>\n

“Today\u2019s announcement to allow ARENA to invest in fossil fuel technologies fits with Morrison\u2019s commitment to locking Australia into expensive, polluting gas,” said<\/a> National Director, Ellen Roberts.<\/p><\/blockquote>\n

The funding announcement came two days after the Federal Government threatened<\/a> to build a gas power plant if there was no service life extension or like-for-like replacement of the clapped-out coal-fired clunker, Liddell Power Station.<\/p>\n

On a related note, earlier this week the Organisation for Economic Co-operation and Development (OECD) called for a greener recovery<\/a> amongst its member countries – which includes Australia. The Organisation expressed concern over the level of \u201cnon-green\u201d stimulus spending it was seeing, such as fossil fuel investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Morrison Government yesterday announced new long term funding for the Australian Renewable Energy Agency – and an expanded focus that includes dabbling in fossil fuels.<\/p>\n","protected":false},"author":17,"featured_media":43276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-43275","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nARENA's New Funding: Reactions - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"New long term funding for the Australian Renewable Energy Agency announced - 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The plucky Australian Renewable Energy Agency that has helped many renewable energy ventures and research with seed funding and other support? 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The minority Gillard government punted the bills through the Lower House with the support of the Independents\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3653,"url":"https:\/\/www.solarquotes.com.au\/blog\/arenas-existence-hangs-thread\/","url_meta":{"origin":43275,"position":3},"title":"ARENA’s existence hangs by a thread","author":"Staff Writer","date":"May 20, 2014","format":false,"excerpt":"Well we knew it was going to be a horror budget didn't we readers? At least you couldn't accuse the Abbott administration of not warning us. For weeks we had the drumbeat of fear. The chant that the so-called \"age of entitlements\" was at an end (except for certain vested\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"wind farm and solar panels and a thread being cut","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/05\/arena.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":15933,"url":"https:\/\/www.solarquotes.com.au\/blog\/mcgowan-community-energy-mb0256\/","url_meta":{"origin":43275,"position":4},"title":"Cathy McGowan : Community Projects A Vital Piece Of Australia’s Energy Jigsaw","author":"Michael Bloch","date":"October 18, 2017","format":false,"excerpt":"Independent Member for Indi Cathy McGowan AO has called for more funding for community energy projects across Australia. On Monday, Ms. McGowan introduced the Renewable Energy Legislation Amendment (Supporting Renewable Communities) Bill 2017 to Parliament. The purpose of the bill is to ensure community energy projects have access to financial\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Cathy McGowan on community energy","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/cathy-mcgowan-community-energy.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/cathy-mcgowan-community-energy.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/cathy-mcgowan-community-energy.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/cathy-mcgowan-community-energy.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":36301,"url":"https:\/\/www.solarquotes.com.au\/blog\/wa-renewable-hydrogen-mb1361\/","url_meta":{"origin":43275,"position":5},"title":"WA Government Funding Renewable Hydrogen Feasibility Studies","author":"Michael Bloch","date":"January 9, 2020","format":false,"excerpt":"Western Australia's McGowan Government has stumped up $1.68 million to support renewable hydrogen feasibility studies across the state. The money is coming from the State Government's Renewable Hydrogen Fund, part of WA's Renewable Hydrogen Strategy that has a goal of setting up Western Australia as a major producer, consumer and\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable Hydrogen - Western Australia","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/renewable-hydrogen-wa.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/renewable-hydrogen-wa.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/renewable-hydrogen-wa.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/renewable-hydrogen-wa.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/01\/renewable-hydrogen-wa.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/43275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=43275"}],"version-history":[{"count":8,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/43275\/revisions"}],"predecessor-version":[{"id":84986,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/43275\/revisions\/84986"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/43276"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=43275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=43275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=43275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}