Exclusive: Government urged to make clean energy part of Covid-19 recovery, as RBA finds 50% slump in projects last year
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Research by the Reserve Bank showing renewable energy investment fell sharply last year is fuelling calls for federal and state governments to back changes to help the industry rebound and drive a post-pandemic recovery.
Renewable energy surged to make up nearly 5% of non-mining business investment across Australia in 2018, according to the research note by RBA economists, but the number of large-scale clean projects reaching the point of commencement slumped about 50% last year.