Key questions on the Large-scale Renewable Energy Target
The Issues Paper poses a large number of questions on the LRET,
Are the existing 41,000 GWh LRET 2020 target and the interim
annual targets appropriate?
In the context of other climate and renewable policies, is
there a case for the target to continue to rise after 2020?
Should the target be a fixed GWh target or a capacity
Should the target be revised to reflect changes in energy
forecasts? And if so, how?
Is the approach to calculating individual liability (including
the level of the shortfall charge) appropriate?
What are the costs and benefits of the current exemption
arrangements? Are they appropriate?
What, if any, changes to the current exemption arrangements
should be made?
Should additional renewable sources be included, or is the
current list adequate?
Should waste coal mine gas be included in the RET? Should new
waste coal mine gas capacity be included in the RET?
Should the RET be designed to promote greater diversity in
renewable energy sources, or should this be addressed by existing
barriers to uptake and other existing means?
Small-scale Renewable Energy Scheme (SRES)
The Issues Paper asks whether there should still be a separate
scheme for small-scale technologies, and, if so, whether it should
It also seeks comments on the scope of the Scheme (including
whether it should cover new or displacement technologies), the
calculations used, the role of multipliers, and the operation of
the Small-scale Technology Certificate Clearing House.
What happens now with the review of the RET Scheme?
Comments on the RET Scheme Issues Paper are due by 14 September
A discussion paper will then be issued in October 2012, and the
final report released in December 2012.
Clayton Utz communications are intended to provide
commentary and general information. They should not be relied upon
as legal advice. Formal legal advice should be sought in particular
transactions or on matters of interest arising from this bulletin.
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