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Renewable energy capacity set to exceed target Federal Government said was impossible


Australia's renewable energy capacity is set to exceed a target the Federal Government said was impossible to reach by 2020, according to new research from Green Energy Markets.

In its quarterly Renewable Energy Index, GEM said the amount of renewable energy generated in 2020 was set to exceed the original 41,000 Gigawatt hour (GWh) Renewable Energy Target (RET) that was in place before being scrapped in 2015 by the federal government led by then prime minister Tony Abbott.

The original RET was put in place to help Australia meet its 2030 climate change commitment to cut emissions by 26 to 28 per cent from 2005 levels.

Key Points

  • Renewable energy capacity is set to exceed 41,000GWh by 2020, a level the coalition government deemed as impossible before it slashed the RET
  • Market already delivered the government's 2030 emission reduction target, rendering the NEG meaningless: Green Energy Markets
  • Business-as-usual under the NEG will lead to 118 million tonne shortfall in the government's CO2 reduction commitment

The market does the impossible even in the face of opposition at every turn by the Libereal government.

Ha ha ha ha !!!



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