Australia ’ s RenEWAble Energy Future in JEOPARDy
‘ Even if the Palmer United Party blocks any changes to the RET , if the government ’ s intention is to change or remove the target , investment will be affected ,” Bhavnagri said . “ Investors are likely to hold off on making new investments until it is clear who will be in government next , and what their clean energy policy is ’
aimed at educating the public on the importance of upholding the RET .
“ The big projects today in Australia are dead , and the only prospect of reviving them is to shift the federal government on this issue ,” Grimes said in a statement .
A Future Uncertain Abbott may face resistance in the Senate in regard to altering the RET . Clive Palmer has gone on record to say that any change in the RET would be a broken promise by Abbott , and his party will swiftly block any proposed changes .
While the clean energy industry is encouraged by his support , Palmer ’ s words do little to buoy investments in the current market .
“ Even if the Palmer United Party blocks any changes to the RET , if the government ’ s intention is to change or remove the target , investment will be affected ,” Bhavnagri said . “ Investors are likely to hold off on making new investments until it is clear who will be in government next , and what their clean energy policy is .” Until then , the industry may remain at a standstill .
Feature Update :
Since the writing of this story , the panel has presented its findings on the RET and recommend it be scaled back dramatically . Click here for the most current news on the subject .
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