Photograph: Horizon International Images/Alamy
Good morning. Labor says the Coalition changes allowing renewable energy agency to fund fossil fuel projects will be scrapped today. And Russia is about to temporarily “run out of steam” in Ukraine, according to MI6.
The Albanese government will scrap changes to the Australian Renewable Energy Agency introduced in the dying days of the Morrison government that would have allowed it to fund some fossil fuel developments. The climate change minister, Chris Bowen, will release a new set of regulations today that he said would ensure Arena was focused on funding renewable energy and technology that supported it. He said it would include a mandate for the agency to work with industry to accelerate electrification – moving from gas to running increasingly on renewable energy – and boost energy efficiency. Negotiations continue between Bowen and crossbench MPs over a separate climate change bill that includes Labor’s target of a 43% cut in greenhouse gas emissions by 2030, compared with 2005 levels.
