Antinuclear

Liberal Party stalling Australia’s Renewable Energy Policy

Coalition puts a spanner in the renewable works, Sydney Morning Herald LENORE TAYLOR  May 1, 2010 THE future of Australia’s only remaining incentive to invest in renewable energy is under a cloud after the Coalition raised concerns about proposed government amendments to the 20 per cent renewable energy target.
Billions of dollars of investment have been stalled pending amendments to the RET, after government subsidies caused an investment boom in small household renewables such as solar panels and undermined the value of the assistance provided for the large renewable projects like wind farms that the scheme was supposed to assist.

After heavy industry lobbying the government announced changes in February, which it will seek to legislate in June. Coalition puts a spanner in the renewable works

May 1, 2010 - Posted by Christina Macpherson | AUSTRALIA - NATIONAL, climate change - global warming, energy | Australia, climate change, climate change - global warming, energy, reneweable energy