Could Green Construction Take $1 Billion Hit?

Eureka Funds Management executive Niall McCarthy has announced that the $1 billion Tax Breaks for Green Buildings program has been scrapped. McCarthy announced the green building investment slashing at the Property Funds Association’s annual conference, leaving many in the green building sector and in the industry at large shaking their heads and questioning the move.

However, in speaking to the Fifth Estate, Climate Change Secretary Mark Dreyfus could not confirm the information, which has seriously concerned Australia’s highest-powered green building authority, the Green Building Council of Australia....

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