Clean Energy Regulator says half of the 6000MW needed to meet Australia’s 2020 Renewable Energy Target must be committed this year – that’s 30 more Clare Solar Farms.
Tag: "renewable energy target"
Labor’s climate and clean energy commitment – including zero carbon target by 2030 – forces Turnbull government into Abbott-era scare campaign on prices. This, as Bloomberg New Energy Finance says Australia should be even more ambitious in short term and aim for 63% cut in emissions by 2030.
CEFC steps into funding gap for renewables projects, teaming up with institutional investors to create a new $1bn financing pool.
Without a staggering run of project commitments in the coming months, penalty payments for missing the renewable energy target appear inevitable in 2017.
The 175MW White Rock wind farm to begin construction this month, the first big project to get go-ahead since Coalition reviewed the RET. Even Barnaby Joyce says he is happy.
Friends of the Earth report says Victoria could achieve a renewable energy target of 30 per cent by 2020 just by maintaining current solar installations and wind energy pipelines.
UBS says major gen-tailers have no great incentive to invest in renewables. If they don’t, they suffer no penalty. If they do, they risk cutting earnings from their fossil fuel assets. And there is no long term policy signal.
Queensland govt rejects Productivity Commission recommendations to review 50% RET and cut short Solar Bonus Scheme, as measures to rein in soaring electricity prices.
Australia is snubbing the first major post-Paris summit on the global energy transition. Meanwhile, Australia’s renewable energy target remains at a standstill even as global investment in renewables reaches record levels. At least households and businesses are investing in rooftop solar.
SA Premier Jay Weatherill has outlined four key strategies to achieve his government’s low-carbon investment target of $10bn by 2030.