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Australia’s 2026 budget skips new renewable funding despite falling short of clean energy goals, citing existing programs and potential tax changes.
Australia’s 2026 budget excludes new funding for renewable energy projects despite falling short of its 82% clean energy target by 2030.
The government says existing reforms to speed up approvals and programs like the $7 billion Cheaper Home Battery initiative and the Capacity Investment Scheme will suffice.
Treasury is considering ending EV tax breaks and imposing a 30% capital gains tax on foreign investors selling renewable assets.
Renewable power rose to 43% of the grid since 2022, but officials and analysts warn delays, rising costs, and investor uncertainty threaten grid stability and emissions goals.
Over $70 billion in emissions reduction funding will be committed across sectors over the next two decades.
El presupuesto de Australia para 2026 omite nuevos fondos renovables a pesar de no alcanzar los objetivos de energía limpia, citando los programas existentes y los posibles cambios fiscales.