Antinuclear

Mr Immelt in an interview with The Australian Financial Review said a “certainty of rules” was crucial for investment.

“These debates are all natural that are taking place in Australia and people can understand those,” he said. “But it’s important to know what the rules will be so people can invest around it.”

He said the sooner the uncertainty was resolved around the RET, the “better for everybody”………

General Electric has about $US10 billion ($12.6 billion) in cumulative investments in renewable energy assets globally, which are predominantly in wind and solar.

On its Australian website, GE had noted Australia was leading the world in its renewable energy policy and, as a result, wind energy in Australia was projected to the most commercially viable form of renewable energy over the next five to 10 years.

However, this could change under the government’s plans to alter the RET.

Mr Immelt said GE “began to invest massively” in clean energy after 2004 when it concluded that climate change was real…..

.The federal government’s proposal to almost halve the amount of renewable energy legislated to be to be produced by 2020 has been rejected by the Labor Party after it dismissed it as “completely unacceptable”…..http://www.smh.com.au/business/general-electric-boss-calls-for-certainty-over-renewable-energy-target-20141023-11aoc3.html