During Parliamentary Budget Estimates on Friday 16 July 2021, I asked about the Government's funding for renewable energy in the Budget. They initially announced a $2B fund for renewables, but it turned out only $500M of that was new funding committed in this four year Budget - and exactly how the money would be administered was still unclear.
You can read the answers below or in the official Queensland Parliament Record of Proceedings (Hansard).
Mr BERKMAN: I have a question for the Under Treasurer in relation to the Queensland Renewable Energy and Hydrogen Jobs Fund. Has Treasury prepared, or can you provide us, a breakdown of what form that funding will take including, for example, the proportion of grants versus loans, whether any loans will be concessional or on regular terms—that sort of information?
Mr DICK: I thought I provided a comprehensive answer on how the fund would operate.
CHAIR: Acting Under Treasurer, do you have anything to add to the previous answer?
Mr Allen: The Treasurer has provided significant detail around that fund. You had specific questions there that would be encapsulated by what is in the budget paper. There will be equity injections into those entities in support of commercial projects that they bring forward.