Today the Turnbull Government has essentially abandoned a renewable energy target post 2020 in its terms of reference document ahead of its long-awaited climate change policy review.
Environment and Energy Minister Josh Frydenberg said it himself this morning that the Government will find it tough to meet their 23 per cent renewable energy target by 2020.
Well the Minister has brought this challenge upon himself.
His continued attack on renewable energy and refusal to set a target beyond 2020 has scared off investors leaving Australian workers, businesses and communities in despair.
Australia should and can take advantage of our abundant natural resources, but without a renewable energy target post 2020, investors will take their money elsewhere and Australia will miss out on thousands of jobs and a clean energy future.
Led by wind and solar, renewables represented more than half the new power capacity installed in 2015 around the world, reaching a record 153 Gigawatt (GW), 15 per cent more than the previous year.
With renewable technology constantly improving why would the Government refuse Australian businesses and investors the chance to invest in the future energy sector?
The Government’s own projections showed current policies won’t contain let alone reduce emissions. Australia's emissions are growing for the first time in nearly a decade under the Turnbull Government.
Without a renewable energy target beyond 2020 Australia’s emissions will inevitably continue to grow. We will not be able meet our obligations under the Paris Agreement and future generations of Australians will blame it on this Government’s inability to tackle climate change.