Business Council , Australian Industry Group,Origin, TRUenergy and AGL all now support Renewable Energy Target
The renewable energy target may be breaking our fossil-fuel path dependence, The Conversation, Neil Perry, 2 Oct 12 Submissions to the Climate Change Authority’s Issues Paper for the renewable energy target (RET) review have thrown up a few surprises. The renewable energy target ensures that 20% of Australia’s electricity supply comes from renewable sources by 2020. It does this by requiring electricity retailers to purchase renewable energy certificates which are created when clean generators, such as wind and solar farms, produce power.
In its submission, the Business Council of Australia (BCA) reverses its long-held objection to the target, citing the need for investment certainty. The Australian Industry Group (AIG), whose members now include renewable energy providers and equipment makers, also reverses its position, held only three years ago, that the target should be scrapped. Several energy companies with significant investments in fossil-fuel based energy supply, such as Origin, TRUenergy and AGL, also continue to support the target.
This could be evidence that the RET is successfully working to break the path-dependence and carbon lock-in in our energy-supply sector……
the path can be broken if the promoters of change gain traction through the formation of new coalitions or when new information arrives (such as global warming) which means that society welcomes change.
This seems to be what is happening with the RET which has created the traction needed. Those with interests in renewable energy have become more influential due simply to their growing market share, their membership in groups such as the BCA and AIG, and the changing mix of investments now held by other members of influential lobby groups.
The players in renewable energy now have a voice and these can almost be heard in the submissions discussed. With reluctance, groups such as BCA and AIG must now argue in favour of the RET to protect the interests of their members.
This is why the RET must be maintained and extended. These voices will quickly disappear at this early stage and the voices are, as yet, still small. An extension of the scheme, recommended by many in the other submissions , will further entrench these other voices in the landscape of public policy.
This can only be a good thing. Policy should reflect sound reasoning rather than the interests of any group, but it is never made in a vacuum where sound reasoning survives. Energy policy driven only by the interests of one group can never be efficient, effective or equitable…..
the certainty created by the RET, with its long-range targets and clear goal of encouraging the “additional generation of electricity from renewable sources”, has seemingly been effective in creating the critical mass of dissenting voices to the views of the incumbents. Its maintenance and expansion to 2030 and beyond is needed to complete the process and shift Australia to a sustainable future. http://theconversation.edu.au/the-renewable-energy-target-may-be-breaking-our-fossil-fuel-path-dependence-9943
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