Antinuclear

Australia passing Renewable Energy Target Law

Australia’s Renewable Energy Target Bill Passes House Of Rep
Energy matters 18 August 09
After being decoupled from the Australian Government’s failed Carbon Pollution Reduction Scheme (CPRS), the Renewable Energy Target bill was passed in the House of Representatives last night.

The legislation will see 20 per cent of Australia’s energy needs sourced from renewable energy within 20 years.

For Australia’s solar industry, it’s very good news as the legislation also covers the Solar Credits program that will provide substantial rebates for households, businesses and community groups wishing to install solar power systems, both off grid and grid connect. ……………….
Unlike the previous rebate; the Solar Credits scheme is not means tested; meaning that most households will be eligible for the program.
………..In an odd compromise, amendments already made to the RET allow for coal seam methane tapped for use as an energy source to also be counted in the RET, a move the Australian Greens say is a deal struck to increase the profit margins of the coal sector. However, Senator Wong says it would be included on top of the 20% target

Australia’s Renewable Energy Target Bill Passes House Of Reps : Renewable Energy News

August 18, 2009 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, energy