Australia's clean energy bank will set aside $100 million each year for energy efficiency and renewables as part of the federal government's smart cities plan.
Prime Minister Malcolm Turnbull announced the new investment fund within the $10 billion Clean Energy Finance Corporation to deploy value-for-money clean energy and power-saving technologies to cities.
"That could include better lighting, it could include better traffic management, it could include better water management," Mr Turnbull told reporters in Sydney on Monday.
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