Malcolm Turnbull defends renewable energy agency Abbott wanted scrapped
Malcolm Turnbull says the renewable energy agency that Tony Abbott wanted to scrap has been “very well run”, as he announces a $1 billion fund to spur investment in the sector. The funding will be spread over a decade and will draw on part of the borrowings meant to support the Clean Energy Finance Corporation, a $10 billion scheme that Mr Abbott vowed to scrap but which will be retained. The new statement will make it clear that a bill to dismantle the CEFC, which has been rejected twice and is a trigger for a double-dissolution election, will be abandoned …