gangrenous wrote: ↑
June 26, 2020, 9:22 pm
I don't know why you would think I have said we should do nothing. I had said many times in this thread that we need to meet our emission reduction targets. I have also posted a number of articles on technologies which could help us get there.
I dunno could be because the government inaction you support amounts to nothing.
How are those targets being practically met RR?
I don't know what is being planned for the future but below is some publicly available information.
Renewable energy targets, funding and investments
The Australian Government supports the following measures:
The Renewable Energy Target (RET) is a scheme designed to reduce emissions of greenhouse gases in the electricity sector and encourage the additional generation of electricity from sustainable and renewable sources. It is helping to transform Australia’s electricity generation mix to cleaner and more diverse sources, and supporting growth and employment in the renewable energy sector by providing a financial incentive for investment in new renewable energy projects.
With the help of the RET, as at 30 April 2020 Australian households have installed more than 2.4 million solar PV systems and 1.23 million solar water heater and air source heat pump systems.
The $5 million Solar Communities program provided funding for 385 community groups and selected regions across Australia to install rooftop solar PV panels, solar hot water and solar‑connected battery systems. It supported local responses to climate change, delivering lower electricity costs for community organisations.
The CEFC has $10 billion in capital to provide debt and equity financing to promote investment in clean energy technologies. A portion of this finance has been used to establish the following funds:
The $1 billion Sustainable Cities Investment Program supports clean energy and energy efficient technology solutions in cities and the built environment.
The $1 billion Reef Funding Program for clean energy projects and businesses that support delivery of the government's Reef 2050 plan.
The $200 million Clean Energy Innovation Fund to support early stage and emerging clean energy technologies. The Clean Energy Innovation Fund is co‑managed by ARENA and the CEFC. The Fund draws on ARENA’s experience in the renewable energy sector, and its technical expertise in assessing these projects. This complements the CEFC and its financial investment expertise.
The government is strengthening the investment mandate of the CEFC by directing it to increase its focus on the technologies and financial products that support reliability and security of electricity supply, as well as the development of a market for firming intermittent sources of renewable energy generation.
ARENA’s purpose is to improve the competitiveness of renewable energy technologies and increase the supply of renewable energy in Australia. As at 30 June 2019, ARENA had committed approximately $1.44 billion.
Up to $110 million will be made available to accelerate and secure the delivery of a new solar thermal power generation facility in Port Augusta, South Australia, if required. This investment could add to other financing options that may be available through ARENA and the CEFC through a competitive process.
Renewable Energy Measures Australian Government
Australian Renewable Energy Agency (ARENA) Australian Government
Clean Energy Finance Corp (CEFC) Australian Government
Renewable Energy Target Australian Government
Low Emissions Technology Roadmap CSIRO
Australia’s National Hydrogen Strategy Australian Government
Blueprint for the Future – Final Report