Industry winded by energy target delays

Summaries - Australian Financial Review
Tuesday 21/10/2008 Page: 10

The Federal Government is behind schedule to reach its 20 percent renewable energy target, while treasury modelling on the economic impact of emissions trading is scheduled for release by the end of the month. Federal Treasurer Wayne Swan had promised the modelling four months earlier. In July, the Council of Australian Governments released a consultation paper on the 20 percent renewable energy target [RET] setting out two alternate options for the roll-out of an emissions scheme. Pacific Hydro's executive manager of corporate affairs, Andrew Richards, said in the past month industry activity had eased off as companies wait to see the legislation that will govern the RET.