Really, Mr Abbott?

Coalition leader Tony Abbott has called for a "serious review" of the renewable energy target, but unless he wants to waste taxpayers' money, there is no need for it.

With Tony Abbott’s recent suggestion that there should be a “serious review” of the Renewable Energy Target due to its impact on electricity prices, there are a few factors that he should bear in mind.

The RET contributes minimally to electricity prices

According to the latest assessment by the Australian Energy Market Commission, the RET only contributes 3-4 per cent to retail electricity prices, and this is projected to decrease over time.

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