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Australia: Renewable energy: Tony Abbott signals he could wind back or scrap targets

2013-12-18 04:30:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Tony Abbott has signalled next year's review of the renewable energy target could wind back, or even scrap, the scheme, saying lower power prices are the government's primary goal and the rationale for the RET no longer exists. Announcing modest government assistance for Holden, the prime minister also revealed he would chair a new taskforce to find ways to make industry more competitive, with reducing the cost of energy a primary aim. Asked whether that could involve scaling back the RET,...

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