Victorian green investment bank could fill void


Acting Greens leader Sam Hibbins says the Andrews Government needs to establish a state-based green investment bank to make renewable energy available to more Victorians.


“Now that Tony Abbott has gutted the Clean Energy Finance Corporation, it’s time for the state government to step up and show leadership on clean energy,” Mr Hibbins said.


“A Victorian solar bank would harness the power of financial markets to bring the benefits of solar to Victorian households and small business whilst delivering returns to the state bottom line.


“Green banks are working well in the US, UK and EU, providing funds in conjunction with private lenders.


“It’s time for the Victorian Government to decide where it stands. They can keep granting coal licences, or get on with it and establish a green bank to increase renewable energy in Victoria,” Mr Hibbins said.