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Daily update: Fossil fuels win battle over RET, but will they win the war?
Renew Economy editor@reneweconomy.com.au via mail92.atl71.mcdlv.net
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Fossil fuel wins battle but will they win the war?; Renewables at risk from dinosaur govts & utilities; Hunt changes tune as policy extremists take control; Commercial scale rooftop solar market facing oblivion in Australia; Experts respond to RET review; Chile to become first South American country to adopt carbon tax; and Coal plants lock in 300 billion tons of Co2 emissions.
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The predictable findings of the RET Review panel will deliver massive windfalls for fossil fuel generators. But as they celebrate a victory of short term interests over long term public benefits and good policy, their Kodak moment looms larger than ever.
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IEA says renewables growth headed for 5-year slump if govts and utilities fail to rise to challenge of increasing deployment. Meanwhile, in Australia…
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Greg Hunt has spent the last year saying the costs of the RET are modest. Now he says meeting the 41,000GWh target would entail “extraordinary” penalties.
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Solar industry says proposed changes to RET could signal end of commercial scale solar market in Australia.
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Experts – including Alan Pears, Andrew Blakers and Dylan McConnell – respond to report which has recommended deep cuts to RET scheme.
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Chile to become the first country in South America to institute a carbon tax, and the second in Latin America after Mexico.
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Coal-fired power plants are the largest contributors to atmospheric CO2 concentrations.
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