Crossbench deal to cut RET may help renewables industry

A deal between the government and crossbench senators to cut the large-scale RET to 32,500GWh may actually work out better for the renewable energy industry than waiting out for a deal involving Labor. It offers greater upside and less risk of no deal at all.

After a meeting with Environment Minister Greg Hunt, Tasmanian senator Jacqui Lambie said she was close to voting for a government proposal to cut the Renewable Energy Target, but said that she believed a target of 32,500GWh in 2020 for the large-scale component of the scheme – rather than the government’s preferred position of 26,000GWh – was the right number.  

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles