Design Options for the Expanded National Renewable Energy Target Scheme
ATA see the former MRET scheme and the proposed expanded national RET scheme as integral to the energy market reform process and the challenge of climate change. An expanded national RET will also protect the Australian economy by achieving significant abatement (outside and ahead of an ETS) and shielding high emission industries from a carbon price shock. Whilst ATA argued that, for clarity and consistency, solar hot water should be removed from eligibility for RECs under the scheme, it was stressed that this should only occur where the value to a SHW proponent of RECs were replaced by a rebate of an equivalent or greater magnitude.
Click here to see ATA’s submission.
