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Tag: "renewable energy target"

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Labor trumps Coalition on climate, forces Turnbull into Abbott-era scare campaign

Labor trumps Coalition on climate, forces Turnbull into Abbott-era scare campaign

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.

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CEFC looks to pump-prime Australia's flagging renewable energy economy

CEFC looks to pump-prime Australia’s flagging renewable energy economy

CEFC steps into funding gap for renewables projects, teaming up with institutional investors to create a new $1bn financing pool.

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Renewable energy market hurtles towards a penalty price

Renewable energy market hurtles towards a penalty price

Without a staggering run of project commitments in the coming months, penalty payments for missing the renewable energy target appear inevitable in 2017.

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NSW's largest wind farm to begin construction, first since Coalition cut RET

NSW’s largest wind farm to begin construction, first since Coalition cut RET

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.

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Report calls for "ambitious, achievable" VRET of 30% by 2020

Report calls for “ambitious, achievable” VRET of 30% by 2020

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.

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No carrot, no stick: Why Australian renewable projects are stalled

No carrot, no stick: Why Australian renewable projects are stalled

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.

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Infigen sees end to renewables investment drought, market 'starting to move'

Infigen sees end to renewables investment drought, market ‘starting to move’

Infigen Energy CEO Miles George says Australia’s LGC market now working as intended, to drive investment and meet the LRET.

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Recommendation to curtail Solar Bonus Scheme rejected by Qld govt

Recommendation to curtail Solar Bonus Scheme rejected by Qld govt

Queensland govt rejects Productivity Commission recommendations to review 50% RET and cut short Solar Bonus Scheme, as measures to rein in soaring electricity prices.

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Australia snubs 1st major post-Paris summit after killing renewables target

Australia snubs 1st major post-Paris summit after killing renewables target

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.

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South Australia details $10 billion low-carbon investment plan

South Australia details $10 billion low-carbon investment plan

SA Premier Jay Weatherill has outlined four key strategies to achieve his government’s low-carbon investment target of $10bn by 2030.

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Q&A with Qld energy minister Mark Bailey: The 50% renewable target

Q&A with Qld energy minister Mark Bailey: The 50% renewable target

Queensland energy minister Mark Bailey answers 10 questions about how the Palaszczuk government is turning the state’s renewables record around, and how it will meet its target of 50% renewables by 2030.