Adelaide Advertiser
Saturday 30/1/2010 Page: 14
ONE of the Rudd Government's key climate change initiatives is close to collapse amid claims of widespread rorting and mismanagement. Just six months after its launch, the $70 million Green Loans scheme to get Australian households to install energy efficient products will be lucky to survive past March without millions more in taxpayer funding. Similarities are already being drawn between Green Loans and the Government's bungled $3.2 billion home insulation subsidy scheme, which is the subject of a Senate inquiry into allegations of malpractice and rorting. The Green Loans program was supposed to run for three years. So far, just 1000 households have applied for subsidised loans.
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