‘We are not picking winners’: Willis on gas transition loan
The Government has set out a Budget initiative to reduce gas consumption and will also legislate for greater transparency around gas supply and demand.
As gas reserves decline the Government wants to help businesses switch to other forms of power.
The Coalition Government is putting aside $48 million in this week’s Budget to underwrite a loan scheme to help businesses switch from gas to electricity or bio energy.
Under the Gas Transition Loan Guarantee Scheme the Crown will guarantee 80% of each supported loan in return for banks passing
