The Clean Energy Council has announced that last month’s report by the Climate Change Authority reviewing Australia’s 20 per cent Renewable Energy Target policy is a welcomed tool which will help our country in the roll out of renewable energy.
Clean Energy Council (CEC) Deputy Chief Executive Kane Thornton wants federal politicians to reaffirm their commitment to renewable energy as the Renewable Energy Target (RET) is the most efficient way of creating clean energy in Australia.
“It is no surprise that the Climate Change Authority’s (CCA) latest report confirms our knowledge that the RET is the most cost-effective and proven way of delivering a clean energy future,” said Mr Thornton.
While the industry has recently suffered at the hands of the report and policy instability, leading consultancy SKM MMA expects that the RET, if left uninterrupted, will create more than $35 billion in renewable energy investment over the life of the policy.
Mr Thornton agrees that there has been much instability throughout the renewable energy industry of late and expects it to have been a contributing factor in the decision making process.
“It’s excellent to see that the Climate Change Authority has listened to the industry and other stakeholders, cautiously weighing up all options before releasing their final recommendations,” he said.
“The cost of the RET to consumers is around 4.5 per cent of their electricity bills – very modest considering the benefits it will deliver in protecting us from ever rising prices in fossil fuels.
“Let’s lock it in and get on with the job of delivering what people consistently say they want – more clean energy.”