Green power in the red
Australia is not alone in questioning the political cost and economic value of a decade-long rush towards green power.
As the financial crisis continues in Europe it would be easy to conclude the developed world's infatuation with heavily subsidising renewable energy had peaked. ...Wind energy companies are abandoning Spain after the government killed off generous subsidy schemes that had spawned a modern-day gold rush in renewables.
June 23, 2012
by Graham Lloyd
in The Australian
With electricity prices rising, the carbon tax looming and the world turning away from expensive deep-green ambitions in Rio and beyond, the race is on to reshape Australia's renewable energy landscape into a more coherent national strategy.
The Renewable Energy Target, which forces electricity suppliers to buy a percentage of electricity from renewable sources and pass the additional cost to consumers, is back in the spotlight.
There is fierce debate about what impact the RET schemes, for large and small-scale projects, are having on electricity prices today and into the future.
The NSW Independent Pricing and Regulatory Tribunal has called for... [continue via Web link]