Mining Chronicle
June, 2007 Page: 64
A renewable energy group has welcomed the decision to have an emission trading scheme in place by 2012, but expressed scepticism it would boost clean energy. Susan Jeanes, chief executive of the Renewable Energy Generators Australia, said there remained many uncertainties about how the scheme would operate.
"We are expecting that even once we see the detail, it is still not going to be enough to support the development of clean energy whether it be renewable or clean coal or anything else," she said. "There is still an awful lot of uncertainty and we are going to have to see more details before you get any investment in the sort of projects that will start to reduce emissions." Ms Jeanes said proposed legislation would be in place by 2009, caps to be determined in 2010 and the scheme would commence in 2011-12. "They are very important decisions and but the devil as always will be in the details," she said.
"As soon as the government can clear up the uncertainties and identify the caps and make the decisions that will start to set prices in the markets; the better off we will all be." Ms Jeanes said there were misconceptions about the economic viability of different types of renewable energy.
She said wind energy become viable at an emission cost around $30- $40 a tonne. "But there are other technologies that will benefit from lower prices and other that will benefit at higher prices," she said. "The important thing is to get the framework in place and then to look at what technologies you still need to support to get into the market."
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