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This chapter comments on the five indicators we use to track progress towards achieving the Large-scale Renewable Energy Target and support the conclusions outlined in the annual statement. The overall finding in the annual statement is that the 2020 Large-scale Renewable Energy Target remains achievable provided the current pace of investment continues in 2017.
The progress indicators are designed to guide and support the conclusions reached in the annual statement. Progress towards meeting the target in 2020 is tracked against five indicators.
The indicators draw on data from the 2016 calendar year. While the indicators are presented separately, each can influence or be influenced by one or more of the other indicators. Combined, the indicators provide an insight into the performance of the market in 2016 and progress towards meeting the 2020 target.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.