Renewable slump

Renewable slump

Does a lack of talk around renewables in the Budget 2016 point to a lack of ongoing commitment from the government?

Treasurer Scott Morrison made his maiden budget speech that promoted innovation, science, job growth – but a nod to renewable resources and clean energy production was noticeably missing.

It’s been nearly a year since the amended Renewables Energy Target (RET) passed through the Australian parliament which clarified opportunities for renewable energy investment and jobs in the sector. Just weeks earlier, the government joined 175 countries to sign the Paris Agreement on Climate Change, committing to reduce emissions by 26-28% by 2030 relative to 2005 levels.

But decarbonsing Australia is more than just signed documents.

“These actions require commitment and initiatives long after the ink has dried,” said Solgen Energy Director David Naismith.

“We were pleased when the RET was approved by both parties and the industry received a clear indication towards positioning renewable energy on a level playing field with fossil fuels.

“Throughout the upcoming election cycle, we hope to hear some unified talk surrounding renewable energy and the fact that this budget does not seek to create hurdles for renewable energy investment in Australia, is a good sign.”

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