How the Renewable Energy Target affects your business.
Written August 2014, by Darren Willman.
Written for and published in The Fifth Estate (Australia).
Last month I was fortunate enough to publish an article in The Fifth Estate, a popular industry news blog on the sustainability industry in Australia.
The article summarises the political landscape around carbon and the Renewable Energy Target, before focusing on some “significant implications for those interested in taking positive steps to reduce carbon footprints and support renewable energy”:
Abolishing the RET threatens the affordability of installing solar on site, renewable energy in the electricity grid and the GreenPower program. In turn, it evaporates the opportunities companies have available to them to meet their carbon reduction goals and progress towards carbon neutrality.
I describe the impact of the RET’s abandoment on the affordability of solar. If Small-scale Technology Certificates (STCs) are to go then the role of solar financing becomes important. Similarly, I comment on the risks around the GreenPower program and uncertainty around its price: “Should businesses take a punt on the RET being scrapped, to capitalise on a cheaper GreenPower price? One of our suppliers alerted us soon after the announcement it expects pricing to rise at least another 10-15 per cent. Should businesses lock in a price now to save future higher costs?” Who knows?
In conclusion, I aim to rally the private sector to strengthen its commitment to sustainability and carbon emissions reduction, even in the face of this political change. All the politics means is that other strategies for emissions reduction become more important:
- Solar financing instead of solar STC rebates
- GoldPower and voluntary carbon offsets instead of GreenPower
- Keep pushing energy efficiency, voluntary carbon offsets, staff and customer engagement programs
Please check out the article on The Fifth Estate: http://www.thefifthestate.com.au/spinifex/how-the-renewable-energy-target-affects-your-business/