Certain death to an industry
OUR Federal Government before the election showed support for the renewable energy industry. Implying it would keep the renewable energy target (RET), which underpins investment in energy sources such as wind and solar.
But the government has taken control of a scheduled review and says the RET may have outlasted its initial purpose and needs to be re-evaluated because of the rise in power prices.
The renewable energy industry is also becoming increasingly alarmed at signals the government intends to drastically reduce, or even abolish, the target.
Modelling released last month suggested abolishing the RET could cost 2000 jobs in the solar panel industry.
The move against renewable energy would also see rebates on residential solar systems reduced. It would certainly kill the industry that has been built on the insulation of domestic solar systems and set back the move to renewable energy systems for many years.