Federal Govt. may Offer Green Investment Incentives

Archived News, Posted on 08 Jun 2011

Govt to offer green investment incentives: report

As part of its plan to introduce a carbon tax, the federal government may offer incentives to encourage superannuation funds to invest in clean energy projects, according to a report by the Australian Financial Review.

The incentives would be intended to boost investment in green projects, soften public and business sentiment over the carbon tax and help Labor's standing in parliament, as the incentives had been demanded by the Greens, as well as the Australian Conservation Foundation and unions.

Among possible incentives being considered is co-investment by government with superannuation funds in ready-to-roll-out projects.

By offering government funds for investment, Labor hopes to boost investor confidence in green projects, as government investments would rank behind other investors in the line of creditors if any project failed, according to the AFR.

Published 7:42 AM, 8 Jun 2011

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