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ARTICLE · 06 SEPTEMBER 2011

Renewables a big winner, but more needed on energy efficiency and carbon capture and storage

The Clean Energy Future Plan proposes a great number of incentives for investment in renewables.

AustraliaEnvironment

The Clean Energy Future Plan (CEF Plan) which the Federal Government announced on 10 July proposes some significant incentives for renewable energy, and the message from most stakeholders about that has been overwhelmingly positive so far. However, there seems to be less detail on energy efficiency initiatives than we thought there would be, and – apart from assistance for closures of emissions-intensive power plants (which is the ultimate carbon abatement solution) – there is little in the CEF Plan for carbon capture and storage (CCS) and other abatement initiatives.

What's in it for renewables?

According to the Clean Energy Council, the renewable energy proposal in the CEF Plan will "turbo charge the clean energy sector". Headlining the proposal are two new major funding initiatives.

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