The Victorian Government has recently announced the legislating
of the Victorian renewable energy target and Australia's
largest renewable energy auction scheme to date. These
announcements follow other policy reforms initiated by the
Victorian Government including the Climate Change Act
2017, Take2 Pledge, and the recently released renewable energy
action plan.
Victorian renewable energy target
In June 2016, the Victorian Government announced renewable
energy targets for generation of 25 per cent by 2020 and 40 per
cent by 2025 of Victoria's electricity requirements (the
VRET).
On 23 August 2017, the Renewable Energy (Jobs and
Investment) Bill 2017 (Vic) (RE Bill) was introduced into the
Victorian Parliament with the aim of giving legislative force to
the Government's commitments to the VRET and if passed, will be
the first time such targets have been reflected in state
legislation in Australia.
