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The New Daily
The New Daily
Maeve Bannister and Dominic Giannini

Crackdown on businesses faking clean energy credentials

Jim Chalmers Australia
Treasurer Jim Chalmers has announced a crackdown on companies over-egging their clean energy credentials as the government boosts investment in renewables. Photo: AAP

Australia will work to secure more investment in clean energy by making sure claims made by businesses about clean energy projects stack up.

The federal government will co-fund a sustainable finance taxonomy to stamp out “greenwashing”, where funds over-represent their clean energy credentials, to boost investor confidence.

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