In an unlikely move, the Federal Cabinet of Australia has slashed its renewable energy target. The 20 percent target is supposedly for Australia’s combined renewable resources from wind and solar by 2020.
Politics
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The federal government’s Emissions Reduction Fund, which is the centrepiece of Direct Action, can be rorted by big business – so says a recent analysis. Based on the analysis, big business will be able to inflate the cost of emissions reductions through a scheme called “bid shading.” The RepuTex analysis states that as the government […]
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Just a few years ago the two major political parties in Australia agreed to optimize renewable energy by the year 2020, hoping that 20% of all household electricity would come from renewable energy sources. Unfortunately, all hopes for the Australia Renewable Energy Target have shattered. This is in line with the recent negotiations coming to […]