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How the Coalition is using clean energy financing as an election slush fund

Some in the sector fear the government is trying to defund the Clean Energy Finance Corporation by stealth. The truth may be a little more mundane

After trying in vain to dismantle the Clean Energy Finance Corporation, the Coalition is now using Labor’s $10bn financing scheme as an election slush fund, throwing its money at the Great Barrier Reef, at “smart cities” and even at the steel industry in South Australia.

These announcements left some clean energy sector experts crying foul, saying the government was trying to squeeze the CEFC for every last drop, and defund it by stealth.

Related: Boost renewable energy target to 50% and get 28,000 extra jobs, says report

Related: Great Barrier Reef needs $10bn for chance of survival, scientists say

Related: Saving Great Barrier Reef from climate change should be central election issue, says Tim Flannery

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