Combet cuts support for solar

Greg Combet has just announced he will reduce the solar credits multiplier to one for one, six months ahead of schedule. This is likely to reduce solar PV sales and suggests further changes to the SRES are likely from the RET Review.

Climate Change Minister Greg Combet announced late this morning that the government will be phasing out the solar credits multiplier of 2 STCs per megawatt-hour to just one six months ahead of schedule on January 1, 2013.

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