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Friday, December 3, 2021

Australia to review renewable energy target

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(Reuters) – Australia will review its mandatory renewable energy target (RET), the government said Monday, sparking concerns among green groups that a weaker target could pave the way for new coal plants and increased pollution.

The target to ensure Australia generates 20 percent of its electricity from renewable sources in 2020 has been a boon to the nation’s wind and solar producers, but has been blamed by the conservative Coalition government for increasing power prices.

“In particular, the review will consider the contribution of the RET in reducing emissions, its impact on electricity prices and energy markets, as well as its costs and benefits for therenewable energy sector, the manufacturing sector and Australian households,” Industry Minister Ian Macfarlane said in a statement.

The target was introduced by the previous conservative government of John Howard to cut emissions from Australia’s coal-dependant power sector…..

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