26 Oct '12, 3pm

Australia Urged to Stick With Renewable Energy Policy

Australia should stick by its target to get 41,000 gigawatt hours of electricity from renewable sources by 2020, the Climate Change Authority said today in a preliminary review of the policy before its final report due in December. The target should be maintained even though it would put the country on course to get about 25 percent of its power from renewable energy rather than the 20 percent originally intended, according to the authority. Some power companies including CLP Holdings Ltd.’s Australian unit, TRUenergy Holdings Pty Ltd., have said that the target should be lowered to account for falling electricity demand and to cut costs. “The challenge is to strike a reasonable balance between encouraging further investment in renewable energy, leading to ongoing reductions in greenhouse gas emissions, and the costs of the scheme to household and business consumers of ele...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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