FEDERAL BUDGET 2012: Expenditure deferral should get Hunt's attention

The federal budget deferred $341 million for clean energy grant tendering programs out to future years compared to the prior budget. It again illustrates what a poor model tendering is for supporting clean energy and driving abatement. Is Greg Hunt paying attention?

As predicted yesterday we’ve seen a huge deferral of expenditure into later years for grant tendering programs run by Department of Resources, Energy and Tourism (DRET). This funding deferral merry-go-round has been a constant feature of these types of programs. It illustrates what an incredibly bad idea it is to fund clean energy through tendering that relies on officials’ subjective judgement to predict the best projects well in advance of them ever generating a MWh of electricity or abating a tonne of CO2.    

Low Emissions Technology Demonstration Fund (LETDF) - $101 million deferred (again!)

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