the gall of the man...
More than $5 billion was invested in Australian clean energy last year but the sector has virtually ground to a halt owing to widespread anxiety over the government’s commitment to renewables, according to the industry body.
In its analysis of renewables in 2013, the Clean Energy Council found that nearly 15% of Australia’s power was produced by renewable energy, with $5.18 billion invested in the sector.
The industry now employs more than 21,000 people, with last year seeing the launch of the 140-turbine Macarthur wind farm, the largest of its kind in the southern hemisphere.
But the government’s current review of the Renewable Energy Target, which mandates that 20% of Australia’s power must come from renewable sources by 2020, is likely to result in a drop-off in investment in 2014, the Clean Energy Council warned.
The council’s report warns that Australians’ electricity bills will increase by up to $1.4 billion each year beyond 2020 if the RET is removed, with the review “creating uncertainty for the industry and eroding investor confidence”.
The review is headed by Westfield chairman Dick Warburton, who has publicly questioned the science of climate change. Several Coalition MPs have called for the RET to be scrapped in order to bring down power bills, while treasurer Joe Hockey recently took aim at the renewable industry itself, saying he found the sight of a wind farm “utterly offensive.”
The cabal of rabid ruthless virulent delirious raging right wing nuts is beyond the pale... They have not a clue... Not a single one since 1956.