31 Jul '15, 11am

Recommendation to slash subsidies would destroy Australia’s renewable energy future

Recommendation to slash subsidies would destroy Australia’s renewable energy future

CEC Chief Executive Kane Thornton said that the report of the committee was circulated to journalists before it had been seen by the industry or the Australia Parliament, demonstrating that the entire exercise was a biased political stitch-up by a small group of senators opposed to the cheapest forms of renewable energy. “Adopting these reckless recommendations would damage Australia’s international investment reputation, right when we are finalising major agreements with some of our biggest trading partners” said Mr Thornton. “Business needs stability and confidence to invest, and this has only recently been restored to the renewable energy sector after 18 months of uncertainty. Hundreds of millions of dollars’ worth of projects have been announced since a deal on the Renewable Energy Target was legislated, and these will create hundreds of jobs and major investment in re...

Full article: http://www.renewableenergymagazine.com/article/senate-rec...

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