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Monday, 1 September 2014
Page: 9234

Second Reading

Debate resumed on the motion:

That this bill be now read a second time.

to which the following amendment was moved:

That all words after "That" be omitted with a view to substituting the following words:

"whilst not declining to give the Bill a second reading the House notes:

(1) the Government's plan to abolish the Australian Renewable Energy Agency (ARENA) is contrary to the advice of experts;

(2) the ARENA adds a great deal of value to efforts to tackle climate change in Australia and around the world by supporting new commercial models and new technology developments to reduce carbon pollution;

(3) the ARENA has invested $940 million and mobilised over $1.8billion in private investment, totaling $2.75 billion in total value since 2012;

(4) the ARENA is a critical part of a suite of policies implemented to address dangerous climate change and to accelerate renewable energy infrastructure;

(5) the role of the ARENA along with the Renewable Energy Target and the Clean Energy Finance Corporation are vital to a clean energy future; and

(6) the ARENA has been a clear success in driving investment, reducing carbon pollution and boosting the Government bottom-line."