The Warburton Review has made two key recommendations that will devastate Australia’s renewable energy sector. The Review recommends the Abbott government:
- Limit the Renewable Energy Target to new entrants – which is effective to the immediate abolition of the scheme.
- Drastically cut the fixed 41-terawatt-hour Renewable Energy Target and set yearly targets based on forecast electricity demand – which will kill the renewable energy sector through uncertainty.
This sham review recommends the Abbott government cut the Renewable Energy Target by up to 100 per cent.
Australians will be shocked that there are no options to increase the RET, only options to axe it.
The Warburton Review’s recommendations will kill off thousands of jobs and billions worth of investment in the Australian economy.
Research commissioned by the Clean Energy Council shows the 41-terawatt-hour Renewable Energy Target would unleash $14.5 billion worth of investment and create more than 18,000 jobs.
The renewable energy sector promises thousands of jobs at a time when national unemployment has hit a 12-year high. The Warburton review’s recommendations amount to economic vandalism. Continue reading “Warburton Renewable Energy Target Review “out of touch” and a disaster for jobs”