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Australia To Investigate Renewable Energy Target

The review, Macfarlane said, will consider the contribution of the renewable energy target -- known as the RET -- in reducing emissions, its impact on electricity prices and energy markets, as well as its costs and benefits for the renewable energy sector, the Max Workouts manufacturing sector and Australian households. John Connor , chief executive of The Climate Institute called for the review to focus more? info? on the original objective of the policy, which was to reduce emissions from Australia's power sector. Under current settings, the institute says, the RET will deliver around 76 million tons of emission reductions by 2020. "Australia's power sector emissions are among the highest in the world," Connor said in a news release Monday. "Reducing emissions brings economic and environment benefits and these must be clearly examined or the outcomes of the review will lack balance and credibility." The Abbott administration has scrapped most of the climate change policy from the previous administration of Julia Gillard . The government has appointed a four-member panel to carry out the RET review, headed by Dick Warburton, former Australian Reserve Bank board governor and a self-confessed climate change sceptic. The review is expected to be submitted to the government by the middle of this year.
More: http://www.upi.com/Business_News/Energy-Resources/2014/02/18/Australia-to-investigate-renewable-energy-target/UPI-24691392742944/

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