Australia is committed to taking action on climate change. As part of a coordinated global action, Australia has set a target to reduce emissions by 26-28 per cent below 2005 levels by 2030, which builds on our 2020 target of reducing emissions by five per cent below 2000 levels. Further information on Australia’s target to reduce greenhouse gas emissions can be found at: http://dfat.gov.au/international-relations/themes/climate-change/pages/climate-change.aspx.
One of the initiatives the Australian Government has undertaken to achieve the emissions reduction target is the Renewable Energy Target (RET). The RET is an Australian Government scheme designed to reduce emissions of greenhouse gases in the electricity sector and encourage the additional generation of electricity from sustainable and renewable sources. The target aims to have about 23.5 per cent of Australia’s electricity generation in 2020 from renewable sources. Further information on the Commonwealth Government’s RET can be found at:
In addition to the Northern Territory’s Renewable Energy target, other States and Territory’s around Australia have also committed to renewable energy targets and/or incentives to encourage investment in renewable energy so they can contribute to the national RET.