Chris Bowen says Labor will increase size of its main climate and energy program by 25% to capitalise on falling cost of solar panels and batteries

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The Australian government will substantially expand a renewable energy underwriting scheme as it aims to capitalise on the falling cost of solar panels and batteries and combat concerns it may struggle to meet its 2030 climate target.

The climate change and energy minister, Chris Bowen, announced on Tuesday that the government would increase the size of its main climate and energy program - known as the capacity investment scheme - by 25%.

Source: Guardian - World News