
Policy Watch: Greens launch renewable energy plan to address key policy gap
At the weekend, the Australian Greens released the second tranche of its Clean Energy Roadmap. The plan addresses a critical gap in Australia’s energy policy architecture and would help drive the shift to 100 percent renewable energy.
The Clean Energy Roadmap deals with a key shortcoming of the Gillard Government’s carbon price–namely, the lack of support for enabling infrastructure.
Building new transmission lines to renewable energy hotspots does not directly reduce emissions, therefore, such projects do not benefit from the carbon price or offset markets. The critical infrastructure is also beyond the capacity of the private sector due to high capital costs and the lack of short-term profitability. The Greens call for public investment and long-term vision would open up new regions for sustainable development.
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