{"id":4615,"date":"2015-03-30T17:17:05","date_gmt":"2015-03-30T06:47:05","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=4615"},"modified":"2017-10-25T09:38:27","modified_gmt":"2017-10-24T23:08:27","slug":"deal-or-no-deal-renewable-energy-target-negotiations-hit-tipping-point","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/deal-or-no-deal-renewable-energy-target-negotiations-hit-tipping-point\/","title":{"rendered":"Deal or no deal? Renewable energy target negotiations hit tipping point"},"content":{"rendered":"
\"deal<\/a>

The future of the renewable energy industry has come to this.<\/p><\/div>\n

So is it deal or no deal? What is the current state of the renewable energy target negotiations between the government and the Senate?<\/p>\n

Last week a split appeared to form in the previously rock-solid front put forward by the organisations lobbying on behalf of the renewable energy sector. The break was instigated by the Clean Energy Council<\/a> which called for the target to be reduced to 33,500 gigawatt hours from the promised figure of 41,000 as an acceptable compromise.<\/p>\n

The CEC\u2019s figure, contained in a letter to the Prime Minister, is in itself a reduction from its own bargaining position of the \u201cmid to high 30,000s\u201d according to the Sydney Morning Herald<\/a>.<\/p>\n

“This proposal represents a major compromise for the clean energy sector, the government and the opposition,” said the council’s chief executive Kane Thornton in the correspondence.<\/p>\n

“I believe it is in the national interest that both major parties support this proposal and finally resolve this issue.”<\/p>\n

It\u2019s fair to say that the Council\u2019s move has been controversial, with many supporters insisting on retaining the original RET target. The break appears to have generated opposition however it can\u2019t be ruled out as a deliberate ploy as these negotiations always carry a high level of wider considerations.<\/p>\n

Indeed the letter also suggested that the Coalition put aside plans to axe renewable energy groups such as the Clean Energy Finance Corporation and the Australian Renewable Energy Agency. The CEC also called on the government to kick start the renewable energy industry which has been waiting for some certainty in the marketplace.<\/p>\n

Latest reports have government chief negotiator Ian MacFarlane saying he was \u201cconfident\u201d that he could secure crossbench support for a reduced target, meaning he would not need the Labor Party\u2019s support. Coincidentally this leak came as the Coalition announced they were \u201cconsidering\u201d a change in the Senate election to reduce the power of the crossbench.<\/p>\n

Was this an attempt to rein in the \u201cferal\u201d Senate as described by Tony Abbott? Or just a nasty little threat at a crucial time in the renewable energy target negotiations to get the crossbench senators onside?<\/p>\n

At the time of writing the renewable energy negotiations are in a state of flux with a reduced level (despite government promises) appearing to be on the cards. As Senator Xenophon, one of the key crossbenchers from which the government needs to get support, pointed out that the Coalition still needed to win over a number of the independent senators including himself.<\/p>\n

“I expect that there will be negotiations in coming weeks but it’s a very fraught situation,” he said.<\/p>\n

What do you think? Should the green energy sector accept a target of 33,500 as suggested by the Clean Energy Council? This would unlock a great deal of investment that is currently tied up, waiting for some form of certainty in the marketplace.<\/p>\n

Or should the organisations representing the renewable energy sector stand firm (and together) and insist on receiving the full 41,000 gigawatt hours as promised? This may result in eventual benefit to the country however at what cost to investment in the industry from banks, financiers and companies looking to some form of level playing field that will give them an opportunity to invest.<\/p>\n","protected":false},"excerpt":{"rendered":"

So is it deal or no deal? What is the current state of the renewable energy target negotiations between the government and the Senate? Last week a split appeared to form in the previously rock-solid front put forward by the organisations lobbying on behalf of the renewable energy sector. The break was instigated by the […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[54],"tags":[397,436],"class_list":["post-4615","post","type-post","status-publish","format-standard","hentry","category-solar-policy","tag-politics","tag-ret","entry"],"acf":[],"yoast_head":"\nDeal or no deal? 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Significant for Australia because the ideological campaign against renewables (let\u2019s call it for what it is) used to be heavily based\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"abbott and renewables","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/abbott-renewables.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/abbott-renewables.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/abbott-renewables.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":18028,"url":"https:\/\/www.solarquotes.com.au\/blog\/india-rooftop-solar-mb0394\/","url_meta":{"origin":4615,"position":1},"title":"India Seeks To Turbocharge Rooftop Solar Uptake","author":"Michael Bloch","date":"January 2, 2018","format":false,"excerpt":"India has made good progress on its renewable energy goals, but it will need to lift the pace - particularly on rooftop solar energy - to meet the country's targets. 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Prior to the deal being struck, Labour had committed to at least 90% of New Zealand's electricity coming from renewable sources by 2025, with \"close to 100%\" being generated\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable energy in New Zealand","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/renewable-energy-new-zealand.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/renewable-energy-new-zealand.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/renewable-energy-new-zealand.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/10\/renewable-energy-new-zealand.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":3700,"url":"https:\/\/www.solarquotes.com.au\/blog\/young-old-libs-moderates-stand-counted-ret\/","url_meta":{"origin":4615,"position":3},"title":"Liberal moderates in NSW stand up over RET review","author":"Staff Writer","date":"June 2, 2014","format":false,"excerpt":"Will clean energy be the blade that slices apart the ruling Coalition party? Will the fossil-fuel-stacked renewable energy target review panel fall on its dark arts? This week saw the potential for a factional clash of almighty proportions with the NSW government announcing their full support for the renewable energy\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"nsw blues badge","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/06\/blues-solar.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":43009,"url":"https:\/\/www.solarquotes.com.au\/blog\/qld-lnp-renewables-mb1676\/","url_meta":{"origin":4615,"position":4},"title":"Queensland Renewable Energy Projects And Jobs “At Risk”","author":"Michael Bloch","date":"September 9, 2020","format":false,"excerpt":"The Queensland LNP\u2019s policy position to ditch the state's renewable energy target could delay projects and thousands of jobs says Solar Citizens. 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Representatives from the Climate Council, Smart Energy Council, Clean Energy Investor Group, Solar Citizens and Advanced Materials Battery Council will gather\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Renewable Energy Storage Target (REST)","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/energy-storage-target-australia.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/energy-storage-target-australia.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/energy-storage-target-australia.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/energy-storage-target-australia.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2022\/11\/energy-storage-target-australia.png?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=4615"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4615\/revisions"}],"predecessor-version":[{"id":4622,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/4615\/revisions\/4622"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=4615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=4615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=4615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}