BUSINESS groups have called for dramatic changes to the Renewable Energy Target after the federal government announced a review of the scheme that will focus on its size and impact on electricity prices.
As electricity demand falls, the review opens the way for the possible reduction of the mandated target of 41,000 gigawatts an hour of renewable energy by 2020. As the Minerals Council of Australia and the Australian Chamber of Commerce and Industry called for the RET to be phased out, the solar industry warned that the review would create uncertainty and abolishing the RET would put 8000 jobs in jeopardy.
RET reviewer Dick Warburton: I’m not a climate sceptic | The Australian.
