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The Renewable Energy Target reduces Australia’s emissions by displacing coal and gas used for electricity generation and water heating with renewable sources such as solar, wind and hydro.
Renewable energy generation increased by 21 per cent in 2019, reducing the emissions intensity of the National Energy Market to 0.74 tCO2-e/MWh in 2019 down from to 0.7714 in 2018.
Total emissions reductions from the Renewable Energy Target in 2019 reached an estimated 34 million tonnes of CO2-e with 21 million tonnes from the Large-scale Renewable Energy Target and 13 million tonnes from the Small-scale Renewable Energy Scheme.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.