The Renewable Energy Target is a government initiative designed to increase the overall amount of Australia's electricity generated from renewable sources. It does this through two schemes:
Since the Renewable Energy Target was established in 2001:
Around one-third of Australia's greenhouse gas emissions are related to electricity generation.11 The Renewable Energy Target recognises the important role of renewable energy in reducing emissions in this sector.
The Large-scale Renewable Energy Target is for 33 million megawatt hours of additional renewable electricity to come from renewable sources by 2020, delivered through renewable power stations.
Additional electricity will come from the installation of small-scale systems.
The Renewable Energy Target is underpinned by the:
The objectives of the Renewable Energy (Electricity) Act 2000 are to:
Photo acknowledgement: Clean Energy Regulator, Alice Springs NT
10 The estimation of megawatt hours of renewable electricity considers variable such as capacity factors for each renewable energy technology and other factors that may affect capacity to generate electricity.
11 Electricity generation emissions projections 2014–15, Department of the Environment.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.