1 min read

Labor Party Will Drop Renewable Energy Target to Favour Emissions Scheme

Labor Party Will Drop Renewable Energy Target to Favour Emissions Scheme

Labor will abandon the renewable energy target after 2020 because an emissions intensity scheme will be sufficient to reach the goal of 50% renewable energy by the year 2030 as stated by the assistant treasurer Andrew Leigh.

Leigh confirmed the opposition’s plan to reach the 50% goal without a hard target in comments that appeared to rule out extending the current renewable energy target. He also added that the Labor party believe that the emissions intensity scheme does the job even without the renewable energy target.

Environment minister Josh Frydenberg said Labor’s remarks is injecting more confusion. He also said that Leigh comments were in contradiction to an adjournment speech by the shadow assistant minister for treasury, Matt Thistlewaite, in which he said that Labor intends to enhance and boost RET.

Leigh’s comments echo Malcolm Turnbull’s statement that the renewable energy target was never intended to be perpetual, which indicates that there could be bipartisan support to abandon it after 2020.

Click here to read the full story on The Guardian

Queensland Government Announces CleanCo: Renewable Energy Electricity Generator

The Queensland Government has announced plans for a third Government owned energy company called ‘CleanCo’. The existing two are CS Energy and ...

Read More

Queensland Can Reach its 50% Renewable Target by 2030, Experts Say

The Guardian reported that the state of Queensland has three credible options in achieving a 50% renewable energy target by 2030, a panel of experts...

Read More

Australia Is Set To Beat Record 3300 GWh Of Renewable Energy

If the present pace of investment continues all throughout this year, Australia may beat the 2020 Renewable Energy Target. As of last week, the...

Read More