30 Aug '14, 3am

Support, don't slash the RET

The nation’s green building authority calls on the Abbott Government to recommit to the Renewable Energy Target (RET). According to the Green Building Council of Australia’s (GBCA’s) Chief Operating Officer, Robin Mellon, the RET has encouraged and supported diverse energy solutions, and abolishing it could diminish forward investment in renewable energy technologies. “The Renewable Energy Target has stimulated innovation, set a direction for industry and provided the impetus to invest in new technologies,” Mr Mellon says. The bi-partisan policy mandates that 20 per cent of Australia's electricity is to be generated from renewable sources by 2020. Independent modelling commissioned by the Climate Institute has found that abolishing the RET could diminish investment in renewable energy by almost $11 billion. “For industry to evolve, it requires standards, benchmarks and tar...

Full article: http://www.gbca.org.au/news/gbca-media-releases/support-d...

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