The Clean Energy Council has congratulated the Australian Parliament on passing the $10 billion Clean Energy Finance Corporation (CEFC), which will provide loans to promising clean energy projects to help unlock additional private capital.

Clean Energy Council Acting CEO Kane Thornton said the establishment of the CEFC was a once-in-a-generation opportunity to turbo-charge Australia's clean energy sector.

"The CEFC has a critical role to play in bridging the gap between early research and development and the commercialisation of clean energy technologies," Mr Thornton said.

"Australia has some of the best renewable energy resources in the world and, with financing from the CEFC, we are well-positioned to attract a massive amount of private investment into clean energy.

"This will also help to insure our economy against the risks associated with traditional fossil-fuel-based technologies, whose costs are increasing while the cost of clean energy continues to fall.

"For the first time Australia has a suite of policies to support new energy technologies from research to full-scale roll-out," he said.

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Sun sets on solar jobs in the sunshine state
More than 4500 jobs could go in the next 12 months as a result of yesterday's decision by the Queensland Government to slash an incentive for people to purchase solar power systems, according to analysis commissioned by the Clean Energy Council.

Clean Energy Council acting Chief Executive Kane Thornton said the solar industry was "obviously disappointed" at such a rapid reduction in the Queensland Solar Bonus Scheme, which would put thousands of jobs at risk.

"The Solar Bonus Scheme has been very successful, with the solar industry now employing approximately 11,000 Queenslanders. The Solar Bonus Scheme itself has stimulated $2.37 billion worth of private investment," said Mr Thornton.

"It is appropriate that the Queensland government reduces the level of its support scheme, given the great success of solar and the reduction in the cost of solar power systems in recent times.

"However, this kind of sudden drop could have a serious negative impact on an industry that has been delivering major economic benefits to the state," he said.

A decision was made on Monday afternoon to reduce the level of support to householders under the Solar Bonus Scheme from 44 cents per kilowatt-hour down to 8c.

Mr Thornton said he was concerned about the Queensland Government's commitment to clean energy for the state, given it had also closed its rebate scheme for solar hot water last Friday.