Jul 22, 2015 - 9:45am
ALP’s target of 50 per cent renewable energy by 2030 is a significant announcement, that could be a step towards the energy solutions required for Australia to remain internationally competitive, The Climate Institute said today.
“Major economies are now making clean energy investments central to their future economic prosperity. To remain competitive with other countries we must modernise and clean up our old, polluting and inefficient power sector,” said John Connor, CEO of The Climate Institute.
“A strong and growing renewable energy industry is critical if we are to achieve the overall goal both major parties have signed up to - limiting global warming to less than 2°C. Achieving this goal will require a near zero emissions power sector before 2050.”
“We welcome this new target and achieving it will require a toolbox of policy solutions.”
“The key barrier to modernising our power sector is retiring and replacing our outdated and polluting coal fired generation fleet. It makes little sense to have half of our power generation renewables if the other half is dominated by the most polluting generation technology – brown coal.”
“Whatever pollution or clean energy goals the major parties announce, these will only be delivered and investment unlocked with a scalable, durable and effective toolbox of policies to achieve the targets. Without this, global capital and clean energy investors will continue to flee Australia to those countries like China who are already delivering,” concluded Connor.
For more information
Susan Cavanagh | Media Manager, The Climate Institute | 02 8239 6299