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Australia: May Dump Renewable Target
Views: 478
Mar 12 2016 01:20 PM | eds in Non-Renewable
Australia, the Energy Networks Association,
. . . is calling for the renewable energy target to be dumped, and
. . . replaced with a “low emissions target,”
. . . that would include gas-fired generation.
Analysis from UBS showed,
. . . that the retailers had little incentive to invest in large-scale renewable,
. . . because more renewable energy,
. . . would dampen earnings from their coal and gas-fired generators, and
. . . there was no penalty for failing to meet their targets.
Instead, the so-called “penalty price,”
. . . was passed on to consumers,
. . . with the revenue going to government.
3-12-2016 Source: Australia: may dump renewable target
. . . is calling for the renewable energy target to be dumped, and
. . . replaced with a “low emissions target,”
. . . that would include gas-fired generation.
Analysis from UBS showed,
. . . that the retailers had little incentive to invest in large-scale renewable,
. . . because more renewable energy,
. . . would dampen earnings from their coal and gas-fired generators, and
. . . there was no penalty for failing to meet their targets.
Instead, the so-called “penalty price,”
. . . was passed on to consumers,
. . . with the revenue going to government.
3-12-2016 Source: Australia: may dump renewable target
