THURSDAY 25 FEBRUARY, 2010 |
Australian Greens Table REC And RET Fix
The Greens yesterday introduced a Private Member's Bill the party began
drafting in January
to address issues relating to the Renewable Energy
Target and to "rescue Australia's enormous potential for jobs, investment
and clean power in renewable energy."
The inclusion of solar hot water, heat pumps and multiplied rooftop solar
credits in the renewable
have been blamed for the crash in the price of renewable
energy certificates (RECs)
and as a result, stopping industrial-scale
renewable energy projects from proceeding.
The reduction in value of RECs also impacts households and businesses buying solar
as the Solar
is based on REC value.
"We can fix this problem so easily and I challenge Mr Rudd and Senator Wong
to look at our proposal and work with us to make sure the renewables sector
survives and flourishes," said Australian Greens Deputy Leader, Senator
The Greens Private Member's Bill would add RECs from solar
and the solar credits multiplier to the top of the target. This would
ensure that the technologies are supported but do not crowd out large-scale
"The proposal to add these credits to the top of the target would
effectively lift Australia's renewable energy target, and that can only be a
good thing." said Senator Milne. "This is not the perfect policy, but
it is an achievable way to fix this problem quickly."
Under ideal circumstances, the Greens would like to see an energy efficiency
target and a gross
running alongside the renewable energy target, supporting
solar hot water, rooftop solar power systems and much more.
A national, uniform gross feed in tariff appears to be popular with the
Australian public as well, with a
run by national solar solutions provider Energy
having attracted over 20,000 signatures so far. Senator Milne tabled
Energy Matters' petition in Australian Parliament in
June last year
Senator Milne says the current situation has demonstrated that a 20% target has
undersold Australia's renewable energy potential and that the nation can and
must aim far higher, ultimately heading for a 100% renewable energy grid.
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