Australia Review Chills $20 Billion Clean-Energy Industry
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Australia is frightening developers away from renewable energy even before the government decides whether to overhaul targets for the industry’s growth.
Prime Minister Tony Abbott’s decision to take advice on renewable energy targets from a skeptic about the causes of global warming prompted at least two developers to reconsider plans for wind and solar farms. Earlier this week, the company planning a giant solar plant in Mildura pulled out of the project citing the risk the government will rework its policy.