Compromise in Coalition’s ‘omnibus’ savings bill met with disappointment by some in the pro-renewables sector

Labor has agreed to cut $500m from the Australian Renewable Energy Agency, allowing the passage of $6.3bn of savings in the Coalition’s “omnibus” savings bill.

That will leave $800m for the agency to continue offering grants over the next five years, down from the $1.3bn it has.

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Source: Guardian Environment