Burnie Advocate
Monday 23/4/2007 Page: 12
CANBERRA - Household electricity bills would rise by just $1.23 a week if a quarter of Australia's energy came from renewable sources, a report has found. The report by three green groups says setting a renewable energy target of 25 per cent by the year 2020 would deliver more than 16,000 new jobs, slash greenhouse gas emissions by 69 million tonnes and generate $33 billion in investment.
Although the average power bill would rise by $64 a year, continuing to rely on current power sources would cause prices to jump by $234 a year. The study, A Bright Future, was released yesterday by the Australian Conservation Foundation, Greenpeace and the Climate Action Network. It warns Australia is missing out on the economic benefits of renewable energy that are flowing to California and European nations which have boosted their renewable energy targets.
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