Cut to RET of no benefit to manufacturers - Aust Industry Group

The major representative body for Australian manufacturers says reducing the renewables target 'would deliver mediocre or negative benefits to energy users'. Given AiGroup's membership, this completely transforms the political debate.

The key representative body for the Australian manufacturing sector, Australian Industry Group, has said that reducing the Renewable Energy Target would deliver little, if any, savings on energy bills for its membership while increasing investor perceptions of risk in the Australian energy sector.

However, AiG has also said that the target should still be adjusted downwards because of concerns about whether it is practically possible to build enough renewable capacity to meet the target given the short amount of time left to 2020.

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