The Clean Energy Council (CEC) says the Federal Government’s carbon tax is a "once in a generation" opportunity for Australia to boost the renewable energy sector and transition to a low-carbon economy.

"The uncertainty surrounding this issue to date has stifled new investment and we look forward to the cleaner energy investment that this package will deliver," a statement from the industry body read. 

CEC Director of Strategy Kane Thornton believes the carbon tax will "turbo charge the clean energy sector" by boosting investment in an industry let down by successive governments in Australia. 

"It will support the accelerated roll out of proven clean energy technologies like solar power, wind power and bioenergy while also allowing Australia to develop new technologies like geothermal, ocean and large scale solar."

Mr Thornton singled out the new $10 billion Clean Energy Finance Corporation, which will use carbon price revenue to develop private investment into early stage renewable energy technologies. 

Thornton says the creation of independent bodies like the CEFC and the new Australian Renewable Energy Agency (ARENA) to oversee funding and provide critical advice on renewable energy policy to government while operating outside the everyday political cycle, will ensure focus is kept on providing maximum value for investment money and the clean energy sector.