Australia Set to Unveil Billions in Clean Energy Subsidies

Australia’s government is preparing to announce a major multi-billion support scheme to attract more investment in clean energy and curb outflows of capital to the U.S. and Europe, which already have massive subsidy initiatives to develop green energy solutions, the Australian Financial Review reported on Friday, citing unnamed sources.   “You can see that in the unprecedented investments the United States and the EU and Japan and Korea are making in their industrial bases,” Australia’s Prime Minister Anthony…