Clean Energy Finance Corporation told to prepare for its demise

The Abbott government has instructed the Clean Energy Finance Corporation to prepare its accounts for the upcoming mid-year economic statement on the basis that it will stop making investments on 31 December and cease to exist on 30 June next year.

UK green bank, UAE's Masdar plan clean energy investments

LONDON (Reuters) - Britain's Green Investment Bank plans to invest in British clean energy projects over the next seven years along with United Arab Emirates' state-owned renewable energy firm Masdar, the bank said in a statement on Tuesday.