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Who Really Benefits From Reducing The Renewable Energy Target?
Aug 18, 2014 - 1:00am
The Renewable Energy Target is a bipartisan policy designed to reduce carbon pollution from the electricity sector and build Australia’s renewable energy industry. The Target is working, but several big power companies and industry associations are calling for it to be cut or even abolished altogether.
Who really benefits from reducing the Renewable Energy Target? Jacobs, a leading economics firm, has done the modelling and found that the winners would be the big power companies, while the losers would be households.
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$8 billion of investment and enough renewable energy to power every household in Australia.
What do we get from the Renewable Energy Target?
Big power companies get $8 billion in profit. We get 150 million tonnes of pollution.
Who really benefits from reducing the Renewable Energy Target?
AGL stands to gain at least $1 billion from reducing the target. And we get more carbon pollution.
What does AGL gain from reducing the Renewable Energy Target?
State by State: Who really benefits from reducing the Renewable Energy Target?
What does Origin Energy gain from reducing the Renewable Energy Target? - Infographic
What does Energy Australia gain from reducing the Renewable Energy Target? - Infographic
Impacts of Changes to the RET on Electricity Market Participants - Jacobs
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