30 April 2009
NATIONAL: Today's approval of the federal government's renewable energy target (RET) brings Australia to the brink of unleashing more than $20 billion of new clean energy investment.Clean Energy Council (CEC) chief executive Matthew Warren said the endorsement by the Council of Australian Governments (COAG) is the penultimate step towards the creation of thousands of new green jobs and delivering the first big cuts in national greenhouse emissions.
"We congratulate the federal government for delivering on its commitment to the development of a clean energy industry in Australia," Mr Warren said. "Successfully deploying the 20 per cent target of renewable energy in Australia by 2020 will unleash the ingenuity of Australia's energy industry, accelerate research and development and will reveal quickly the scale and potential of this important emerging industry," he said.
The CEC has been working closely with the government since January to fine tune the draft legislation released in December. Mr Warren said Climate Change Minister Penny Wong and the Department of Climate Change responded quickly and effectively to initial concerns raised by the industry.
"The refined RET legislation incorporates crucial changes which will ensure accelerated investment in clean energy so the industry can play an immediate role in reducing Australia's greenhouse emissions and help drive a new green economy," he said. The final step in delivering a revitalised green energy industry in Australia will be the swift approval of Federal Parliament when the RET bill is tabled in the coming weeks.
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