The Australian Government’s Renewable Energy Target
The Australian Government is committed
Why is it important?
to ensuring 20 per cent of Australia’s
electricity supply comes from renewable Australians understand that climate
energy by 2020. change is the biggest threat to our
prosperity and our way of life. Australia
To deliver on this commitment, the is one of the nations most vulnerable to
Government is establishing an expanded climate change.
national Renewable Energy Target (RET)
scheme. The Rudd Government is preparing
Australia for the future by tackling the
The national Renewable Energy Target challenge of climate change.
• Increase the existing Mandatory
Renewable Energy Target (MRET)
by more than four times to 45,000
gigawatt-hours in 2020.
• Contribute to meeting Australia’s
targets for the reduction of
greenhouse gas emissions.
• Provide a market incentive to Renewable energy sources such as wind,
accelerate uptake of Australia’s solar and geothermal will be a key part
abundant renewable energy of the climate change solution, and
sources, which include solar, wind Australia has vast potential in these
and geothermal energy. areas.
• Reduce red tape by bringing The RET will position the renewable
existing state-based targets into a energy sector to play a significant role in
single, national scheme. reducing Australia’s energy related
greenhouse gas emissions over the
How will it work? The Australian Government is supporting
The RET scheme is being designed in renewable energy through a range of
cooperation with state and territory initiatives that complement the RET
governments through the Council of scheme.
Australian Government (COAG) Working These include:
Group on Climate Change and Water.
The design work is due to be completed • the $500 million Renewable Energy
in September 2008, with legislation in Fund which will develop,
place by mid-2009. commercialise and deploy
renewable energy in Australia;
The Australian Government is also
introducing an emissions trading scheme • $150 million for solar and clean
(ETS) to provide incentives to reduce energy research; and
greenhouse gas emissions in a cost-
effective way. • more than $500 million for the
Solar Cities, National Solar
The ETS is the economically responsible Schools, and Green Precincts
way to tackle climate change because it initiatives.
will move us from the high emissions
economy of the past to the low emissions For more information on these initiatives
economy of the future, at the lowest or the Renewable Energy Target please
possible cost to families and business. visit: www.climatechange.gov.au
The RET is a transitional measure to
assist Australia’s transformation to a low
The RET scheme will be phased out
between 2020 and 2030 as the ETS