30 October 2012:
Renewable Energy World Online:
An independent body set up to consider Australia’s official target of generating 20 percent of its energy needs by 2020 from renewable sources has rejected calls from incumbent utilities and heavy industry to scale back the target.
In its first major publication since its inception in July, the Climate Change Authority (CCA) on Friday said altering the target would harm investor confidence. It recommends that the fixed large-scale RET target of 41,000 GWh per annum remains unchanged, and its full recommendations were included in a 150-page discussion paper as part of a wider review of the RET by the authority, which is due to be finished in December. Read more…