Is Abbott crazy enough to axe the RET?

By Tristan Edis

The Australian Financial Review's Phil Coorey has reported today that the Abbott Government has settled on a plan that would see the Renewable Energy Target effectively closed, with the target for large-scale projects frozen at 16,000GWh, and presumably the rebate for smaller solar systems (known as the Small-scale Renewable Energy Scheme, or SRES) completely abolished.

If the renewable energy industry can be persuaded that a cut to the target is better than taking a risk on a re-elected Abbott government with a mandate to close the scheme, they might be co-opted to encourage Labor or Palmer United to pass government-proposed amendments.

Whether he severely cuts the target to cap the renewable energy’s market share at 20 per cent, or completely abolishes the thing, he’ll have the industry at his throat. “There isn't any point screaming unless the people who count are listening.  But, there is no point being nice if you simply get ignored.

Read more here: Business Spectator


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