Australia to review renewables target

The Australian government today said its long-expected review of the country’s renewable energy target (RET) will be led by a business leader described as "a climate sceptic" by Greenpeace.

The Coalition government of Tony Abbott signalled on its election last year that it would look again at the RET, which mandates 20% of Australia’s power should come from renewables by 2020, with a 41TWh annual generation goal from large-scale renewable sources.

The RET was hailed as a success in driving investment in Australian renewables as part of a clutch of policies under the previous Labor government.

But Abbott and his colleagues have expressed concerns over the impact on power prices of the RET and other key policies such as the carbon tax, Log in to read complete article.

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