New Zealand’s TrustPower outlines just what is at stake if Australia’s renewable energy target is cut.
Tag: "renewable energy target"
The Abbott government may be in its death throes, but it is still determined to do as much damage to the renewable energy industry as it can. It still wants to cut the RET by one third, and dump agencies such as the CEFC and ARENA, and now it is targeting solar.
The RET has gone through a variety of iterations over its lifetime, but never has it been officially defined in terms in terms of a percentage target.
Reducing the RET is a step back from a clean energy economy that rewards coal and gas power companies at the expense of households and small business.
After months of denying a bias against renewables and climate science, RET Review head Dick Warburton says globe not warming, developing renewables pointless.
Modelling by ACIL Allen for the RET Review Panel has estimated the Mandatory RET, to achieve a 20 per cent renewables market share by 2020 to be 25,500 GWh.
The RET review is due to be handed to the federal government any day now, yet there are still conflicts over the impacts it has over electricity costs.
There are already technically feasible scenarios to run the Australian electricity industry on 100% renewable energy without significantly affecting supply.