Clean Energy Council Urging RET Compromise
Just in case you missed this from a few days ago, what's important here is what isn't said: that solar has come so far that even with a reduction in government support it is commercially viable. This echoes what we have been saying publicly for some time: the radical drop in solar panel and other technology prices, and the skyrocketing costs of network power, mean that solar can stand on its own. The key thing is that government policy becomes clear and consistent. Uncertainty in the market is never good, especially when it makes people think that solar isn't market-ready now.
Here is an excerpt:
The Clean Energy Council, the peak body of the renewable energy industry, has called on the federal government and opposition to accept a compromise Renewable Energy Target for large-scale renewable energy of 33,500 gigawatt-hours by 2020 to end political deadlock that has brought investment in large-scale renewables to a screeching halt.
It has also backed providing full exemption to emissions-intensive trade exposed industries, such as aluminium smelting.
The position represents more than a 30 per cent cut to the current target.
“As reported today, the Clean Energy Council has written to the Prime Minister and Leader of the Opposition with a proposal that is halfway between the positions of the Federal Government and Opposition,” Clean Energy Council chief executive Kane Thornton said.
“While this compromise represents more than a 30 per cent cut to the amount of new renewable energy required, accepting this package can quickly unlock over $10 billion of new investment, protect the 21,000 jobs in the sector and create more than 6000 new jobs around the country from large-scale renewable projects.
“We are calling on both major parties to show leadership and to compromise, providing a future for the renewable energy industry in Australia and unlock the massive economic potential of the sector.