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.

To access the media release click here.
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$8 billion of investment and enough renewable energy to power every household in Australia.
Big power companies get $8 billion in profit. We get 150 million tonnes of pollution.
AGL stands to gain at least $1 billion from reducing the target. And we get more carbon pollution.
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