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ARTICLE · 20 MAY 2015

Bi-partisan support for amendments to the RET scheme

Corrs Chambers Westgarth
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The Government is expected to amend the RET scheme soon, but it will need cross-bench support for native wood burning.

AustraliaEnergy and Natural Resources
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The Federal Government and the Opposition have recently been engaged in extensive negotiations following two separate reviews of the Renewable Energy Target (RET) scheme.

As a result of these negotiations, the parties have agreed:

  • to reduce the Large-scale Renewable Energy Target (LRET) from 41,000 gigawatt hours (GWh) to 33,000 GWh of electricity by 2020; and
  • to scrap the requirement for the RET scheme to be reviewed every two years.

However, they have been unable to reach agreement as to whether the burning of native wood waste for biomass power should count towards the RET.

We expect that the Federal Government will introduce legislation to amend the RET scheme shortly and will seek cross-bench support to include native wood burning in the RET.

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