This proposal would provide an additional $10 billion evenly over five years from 1 July 2021 for the Clean Energy Finance Corporation (CEFC). As part of this expansion, the CEFC would be directed to provide concessional loans to small businesses until 2023-24, to assist with the installation of battery storage. These loans would be up to $15,000 per business in 2021-22, tapering down to $9,300 in 2023-24, and would be repayable over a 10-year period.

This proposal would provide an additional $10 billion evenly over five years from 1 July 2021 for the Clean Energy Finance Corporation (CEFC). As part of this expansion, the CEFC would be directed to provide concessional loans to small businesses until 2023-24, to assist with the installation of battery storage. These loans would be up to $15,000 per business in 2021-22, tapering down to $9,300 in 2023-24, and would be repayable over a 10-year period.

This proposal has four components.

This proposal has four components.

The proposal would provide $1,000 million over ten years from 2019-20 to 2028-29 to support workers and communities in coal-dependent areas as power stations are closed. The proposed schedule for power station closures is at Attachment A. Funding would be allocated in proportion to the generation capacity of power stations scheduled for closure.

Additional departmental funding would be provided to administer this proposal.

The proposal would provide $1,000 million over ten years from 2019-20 to 2028-29 to support workers and communities in coal-dependent areas as power stations are closed. The proposed schedule for power station closures is at Attachment A. Funding would be allocated in proportion to the generation capacity of power stations scheduled for closure.

Additional departmental funding would be provided to administer this proposal.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

This proposal would introduce permits on exporting thermal coal, with a yearly cap of total permits
available for purchase. Coal exporters would pay for permits to export thermal coal each year. The
yearly export cap amount and the amount charged for the thermal coal export permits are as follows.

• Component 1 – Renew Australia Corporation
  • Element 1: Establish the Renew Australia Corporation (the Corporation) from 1 July 2019. The Corporation would be funded to deliver Components 3, 4, 5 and 6 of this proposal.
  • Element 2: Provide the Corporation $40 million in 2019-20, indexed by the consumer price index (CPI) to 2025-26 and then held constant at that level on an ongoing basis, to manage the transition to a clean energy system.
• Component 2 – Renewable energy zones