There’s a reason why the Renewable Energy Target is supported by all federal political parties – it works. The Renewable Energy Target, which aims to generate roughly 20 per cent of Australia’s electricity from renewable energy sources by 2020, has been extraordinarily successful in building a strong clean energy industry, reducing Australia’s carbon pollution, encouraging Australians to take action on climate change, and in reducing the cost of electricity. The achievements of the Renewable Energy Target are impressive. It has already stimulated more than $10.5 billion of private sector investment in large-scale clean energy projects, and will double that investment over the next decade.
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