The Forum > Article Comments > Abbott changing the rules at half time on Renewable Energy Target > Comments
Abbott changing the rules at half time on Renewable Energy Target : Comments
By Guy Ragen, published 2/10/2014The renewable energy target is now being targeted by the Government precisely because it is working so well to reduce pollution.
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The consultant's report found the most effective form of abatement was wind power with a cost of CO2 avoided of $54 per tonne. Funny thing is we just threw out a scheme where CO2 cost $25.40 a tonne. The claim that the RET will lower retail power prices seems to need rubbery assumptions on future gas prices. If as expected gas prices rapidly escalate then wind and solar become more competitive without the need for quotas.
Then there's the 40% of primary energy needed for transport for which the RET is largely irrelevant. To get emissions way down there's no realistic alternative to nuclear baseload electricity. Dogmatic support for the RET is a weak gesture that doesn't make a big enough difference to overall emissions.