Renewable Energy Target details released today by Goverment
Treasurer Wayne Swan, Minister for Climate Change Senator Penny Wong and Minister for the Environment Peter Garrett today released details on the Government’s 20 per cent Renewable Energy Target and new ‘Solar Credits’ as part of Australia’s move to a low pollution future. “The Renewable Energy Target (RET) will ensure 20 per cent of Australia’s electricity is sourced from renewables by 2020, helping us build the low-pollution economy and jobs of the future,” the Treasurer said. Draft legislation to deliver the RET was released today, following on from the release of the Carbon Pollution Reduction Scheme White Paper on Monday. While the Carbon Pollution Reduction Scheme will help bring renewable energy technologies into the market over time, the policy announced today aims to accelerate their use.
