Bernie Fraser calls for extending the deadline for reaching the Renewable Energy Target
Call to extend deadline for reaching Renewable Energy Target THE AUSTRALIAN, Sid Maher
ANNABEL HEPWORTH 11 Sept 14 THE nation’s climate change adviser has called for the deadline for reaching the Renewable Energy Target to be extended to allow time to build political consensus as Industry Minister Ian Macfarlane ramped up calls for Labor to do a deal on the issue.
Bernie Fraser, the chairman of the Climate Change Authority, yesterday called for the timeline for a 41,000GWh target to be extended a few years beyond 2020 to provide confidence for the industry’s bankers.
He also called for the government to examine using some of its Direct Action climate change funds to help close inefficient coal-fired power stations, thereby eliminating some of the overcapacity in the system and making room for cleaner generation capacity. Last month, a report by the Energy Market Operator found Australia was facing the biggest power glut in the history of the national electricity market, with surplus capacity potentially between 7650 megawatts and 8950MW……..
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