Antinuclear

The Senate passed legislation last week to cut Australia’s renewable energy target from 41,000 gigawatt hours of annual renewable energy production by 2020, to 33,000 gigawatt hours.

The Coalition and Labor reached agreement on the issue last month, ending more than 12 months of political deadlock.

Both major parties say the deal will provide certainty for the renewable energy sector, although critics say it will cut investment in renewable energy by about $5 billion.

Economist Warwick McKibbin, from the Australian National University, said the biggest problem with Direct Action is that you cannot use it to build momentum and “scale up” emissions reductions because it is funded via the budget……..http://www.smh.com.au/federal-politics/political-news/extreasury-head-martin-parkinson-takes-swing-at-renewable-energy-target-20150630-gi1npq.html