Glencore Coal Chief Wants to Stop Renewable Energy Target

Freyberg said that Australia should be promoting higher-energy, lower-emissions plants and carbon capture and storage.

renewable energy target

Glencore’s senior executive Peter Freyberg said that the Finkel Review recommendations do not provide certainty for investors after a decade of policy failure, and that the Renewable Energy Target needs to go.

He also said that the country should ensure heavy industry survives by separating it from climate policy.

What was needed, he said, was a national energy policy that gives exemptions for heavy industries and set a measured target that did not ban more efficient coal-fired power.

Freyberg also said that Australia should have a leading role in promoting higher-energy, lower-emissions plants and carbon capture and storage.

Click here to read the full story on The Australian Business Review

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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