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Australia

Australia

Australia looks to keep RET unchanged

AUSTRALIA: Australia's Climate Change Authority has completed its review of the the country's Renewable Energy Target (RET) scheme.

The authority's report, which still requires a government response, recommended the RET remain at the current rate of 41,000 GW/h.

The authority said the scheme would push electricity prices up by between A$12 and A$64 per household between now and 2020.

The news will come as a relief to Australia's wind energy industry, which wanted the RET to remain unchanged.

One of those was Repower CEO Andreas Nauen, who spoke out in October about the importance of the RET. He said: "Around the world, Governments are responding to the challenge of investing in clean energy infrastructure.

"While in some situations there is a need for Governments to develop and implement new policy to drive change, Government leadership can also mean defending the effective operation of good policies, particularly when these policies are under attack."

He also said: "Australia is well positioned to make the transition to a clean energy future. It has some outstanding renewable resources that can help transform the way electricity is produced here."

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