SUBMISSION: Renewable Energy Target (RET)
The Renewable Energy Target (RET) has been a very successful policy at reducing Australia’s greenhouse gas emissions by increasing renewable energy generation. This submission from The Australia Institute recommends that the RET be strengthened to take advantage of the imminent retirement of gas fired electricity generation from the NEM.
This submission will focus on three main areas. The RET’s effect on emissions, the RET’s effect on electricity prices and the interaction of the RET and the rise in wholesale gas prices.