The RET Needs Bipartisanship- Contract Based Alternatives Don’t

Tony Abbott has already killed the Howard government’s RET scheme. No new large scale energy projects directly justified by the RET have been committed to since the start of 2013. In addition, since the Abbott government was elected, the price of large-scale renewable energy certificates had nearly halved to $26.00 per MWh by 11 Aug 14. To make things worse, the RET is not going to be resurrected by a change of government or action by the Senate.

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