{"id":575,"date":"2011-07-18T15:25:00","date_gmt":"2011-07-18T04:55:00","guid":{"rendered":"http:\/\/www.solarquotes.com.au\/blog\/?p=575"},"modified":"2017-10-25T10:39:40","modified_gmt":"2017-10-25T00:09:40","slug":"big-solar-in-box-seat-after-carbon-tax-announcement","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/big-solar-in-box-seat-after-carbon-tax-announcement\/","title":{"rendered":"Big Solar in Box Seat After Carbon Tax Announcement"},"content":{"rendered":"

This week\u2019s big ticket news item for the solar industry and its consumers was the fillip given to the sector by the federal government\u2019s long-awaited carbon tax announcement.<\/span><\/p>\n

While there is some debate over whether or not the carbon price announced last weekend will go far enough to achieve its primary purpose (i.e. significantly decrease the level of carbon emissions in Australia) there appears to be little doubt that the renewable energy incentives attached to the legislation will go a long way towards rejuvenating the renewables sector, particularly solar energy.<\/p>\n

\u201cSolar on steroids\u201d was how John Grimes, chief executive of the Australian<\/a>Solar<\/a>Energy<\/a>Society<\/a> (<\/a>AuSES<\/a>)<\/a> described the Clean Energy Future announcement, adding that the solar industry was the real winner to emerge from the package. He focused on the earmarking of $10 billion, half of which will be made available for the renewable sector from a new investment bank, hailing it as a major step forward.<\/p>\n

\u201cThe $10 billion Clean Energy Finance Corporation (CEFC) \u2013 half of which is quarantined for renewable energy \u2013 will provide the financial settings that Big Solar projects need to get off the ground,\u201d said Mr Grimes in a July 10 media release.<\/p>\n

\u201cAuSES has consistently argued for the establishment of an independent green investment bank, and we are very pleased that this is coming to fruition,\u201d he added.<\/p>\n

Of course the government, sensing the importance of getting any deal on renewable energy absolutely right, was out of the blocks in a hurry to promote the package.<\/p>\n

Senator Chris Evans spruiked the future of Australian solar energy under the new carbon regime.<\/p>\n

“We’ve got enormous potential in solar and wind and wave which has been largely untapped and the impact of the carbon price will make them more competitive,” he said to reporters.<\/p>\n

“Companies will be looking for alternative energy and so we’ll see the investment that hasn’t occurred yet that we need to see to change our energy sources.\u201d<\/p>\n

So back slaps all round from the solar energy industry? Well yes, particularly if the planned CEFC does provide the impetus the solar industry needs in areas such as research and development. While details have yet to be ironed out regarding loan guarantees to be made available by the loan investment bank, it appears Australia\u2019s \u201cBig Solar\u201d is delighted with the outcome if the reaction from innovative green technology company Greenearth<\/a> is anything to go by.<\/p>\n

Mark Miller, company managing director, was clearly in an upbeat mood in a Proactive<\/a>Investors<\/a> report of July 12.<\/p>\n

“Sunday\u2019s announcement by the Commonwealth clearly supports our strategic diversification into the broader renewable energy market (Greenearth Solar Energy) and in particular the burgeoning energy efficiency sector\u201d, he said.<\/p>\n

Will the carbon price package, and in particular its incentives for renewable energy, provide that certainty so desperately needed for solar investors? Is this the fillip that will turbo charge solar power as a viable alternative? Or another false dawn? I\u2019d love to hear your views.<\/p>\n","protected":false},"excerpt":{"rendered":"

This week\u2019s big ticket news item for the solar industry and its consumers was the fillip given to the sector by the federal government\u2019s long-awaited carbon tax announcement. While there is some debate over whether or not the carbon price announced last weekend will go far enough to achieve its primary purpose (i.e. significantly decrease […]<\/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":[65,45],"class_list":["post-575","post","type-post","status-publish","format-standard","hentry","category-solar-policy","tag-carbon-tax","tag-global-warming","entry"],"acf":[],"yoast_head":"\nBig Solar in Box Seat After Carbon Tax Announcement<\/title>\n<meta name=\"description\" content=\"Government earmark 10 billion bucks of carbon tax revenue for 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debate over whether or not a carbon tax will be effective has split families, pitched neighbour against neighbour, divided loyalties and torn our nation asunder. Well not exactly, but a real blockbusting start to this week\u2019s column you have to admit! On a serious note, the question many SolarQuotes\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":661,"url":"https:\/\/www.solarquotes.com.au\/blog\/carbon-tax-between-a-snog-and-a-hard-place\/","url_meta":{"origin":575,"position":1},"title":"Carbon Tax: Between a Snog and a Hard Place","author":"Staff Writer","date":"October 14, 2011","format":false,"excerpt":"Unless you\u2019ve taken up residence under a rock somewhere in one of our sun-bleached deserts, you\u2019ll be aware that the House of Representatives successfully passed the government\u2019s controversial carbon legislation earlier this week. The minority Gillard government punted the bills through the Lower House with the support of the Independents\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1806,"url":"https:\/\/www.solarquotes.com.au\/blog\/australias-solar-sector-from-a-german-perspective\/","url_meta":{"origin":575,"position":2},"title":"Australia’s solar sector from a German perspective","author":"Staff Writer","date":"July 26, 2012","format":false,"excerpt":"Wunderbar! All those solar naysayers may want to have a look at the German experiment with Feed In Tariffs, where wholesale electricity prices have been hugely reduced by solar panel installations and on a good day 46% of german household electricity needs can be met by solar. (Oh and did\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"How much solar contributed to german electricity production on July 23","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2012\/07\/german-solar-infographic.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":653,"url":"https:\/\/www.solarquotes.com.au\/blog\/carbon-tax-and-government-support-the-other-side-of-the-coin\/","url_meta":{"origin":575,"position":3},"title":"Carbon Tax and Government Support – the Other Side of the Coin","author":"Staff Writer","date":"September 25, 2011","format":false,"excerpt":"Last week we examined the point of view of academic Mark Diesendorf who stated that the much villified carbon tax will probably be insufficient to encourage renewable energy investment in Australia. 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It was the\u2026","rel":"","context":"In "Solar Policy"","block_context":{"text":"Solar Policy","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":702,"url":"https:\/\/www.solarquotes.com.au\/blog\/auses-sponsored-conference-spins-the-big-solar-wheel\/","url_meta":{"origin":575,"position":5},"title":"AuSES-sponsored Conference Spins the Big Solar Wheel","author":"Staff Writer","date":"December 2, 2011","format":false,"excerpt":"Two of the key issues covered this week at the Solar 2011 conference have been (1) the growing affordability of solar systems for both domestic and commercial outlooks as prices plummet, and (2) the growth of international large-scale solar projects. The first has been made possible by the growth of\u2026","rel":"","context":"In "Big Solar"","block_context":{"text":"Big Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/utility-scale-solar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/575","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=575"}],"version-history":[{"count":4,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/575\/revisions"}],"predecessor-version":[{"id":3774,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/575\/revisions\/3774"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}