Australia’s national mandated 20 per by 2020 Renewable Energy Target is currently undergoing a review, and while the target has support from both sides of politics, it has been the subject of much debate and discussion since the commencement of the review.
The body responsible for conducting the review, the Climate Change Authority, handed down a discussion paper 26 October that recommended the Large-scale Renewable Energy Target should be largely left alone, which is good news for large-scale wind development in Australia.
The Clean Energy Council’s position, which has been reflected in submissions to the review, is that the Renewable Energy Target needs to be maintained in its current form in order to provide investor certainty. The fact that this message was adopted as the key recommendation of the recent discussion paper shows that the industry’s collective voice has been heard loud and clear.
The next step in the review process will be the release of a final report from the Climate Change Authority at the end of 2012.
For more information on the Clean Energy Council’s position on the Renewable Energy Target, visit http://www.cleanenergycouncil.org.au/resourcecentre/RET.html