House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Finn Peacock Caricature

Ready for some quotes? Enter your postcode now

CEC report shows RET benefits

26th Oct 2012

It's been just a few days since the Clean Energy Council (CEC) praised the Productivity Commission for recommendations in a draft report regarding energy markets. 

And now it looks like the organisation is keen to get in on the act itself, publishing a new paper on the benefits of the Renewable Energy Target (RET).

Compiled by independent consultancy SKM MMA, the study highlights a whole host of advantages for the scheme, which aims to have 20 per cent of all Australia's energy generated through sustainable sources by 2020, including solar PV systems.

One of the major benefits is money, with the report showing that the RET is responsible for $18.5 billion worth of investment already, with a further $18.7 billion predicted should the initiative be allowed to stay the course.

The document comes at a time when the Climate Change Authority (CCA) is conducting a review of the RET to see whether it should be retained in its existing form, which is due to be completed in December this year.

These evaluations happen every two years and the CCA is currently receiving submissions from a number of organisations that are either in favour or oppose the RET.

And the CEC is firmly in support of the project, noting that its report can prove how beneficial the scheme is - and not just in terms of cash.

Chief executive officer (CEO) of the organisation David Green said: "The report shows that, if left unchanged, the Renewable Energy Target will result in 12 per cent less coal-fired generation and 13 per cent less gas-fired generation between now and 2030, with no reliability or security of supply issues identified.

"Retaining the current Renewable Energy Target will also mean we can meet the bulk of our target for reducing carbon emissions with renewable energy projects right here in Australia, supporting local jobs in regional areas."

And he didn't stop there. Mr Green was keen to point out that the RET shouldn't be considered the last step in a process, but just the beginning.

The CEO said it was the first stage in a transition towards a cleaner Australia that relies on energy efficiency and renewable technology.

So how confident is he that the RET will continue in its current form? Well, pretty confident it would seem.

The review will realise the economic and environmental benefits of the scheme, Mr Green concluded, while recognising the importance of stable policy for continuing to attract investors.

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology

More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal