SOURCE: Industrial Info Resources

Industrial Info Resources

January 05, 2010 05:45 ET

Australian Windfarms Face Two-Year Delay, an Industrial Info News Alert

PERTH, AUSTRALIA--(Marketwire - January 5, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Due to the uncertainty regarding the Renewable Energy Target (RET) in Australia, windfarm developers are postponing construction dates by up to two years. What is the difference between the Carbon Pollution Reduction Scheme (CPRS) and the Renewable Energy Target, and why are these two things so polarising to the industry? The Carbon Pollution Reduction Scheme is a contentious proposed law in Australia regarding the amount of greenhouse gases produced by industry and proposes a Carbon Credit Trading Scheme as a way of regulating the emissions. The Renewable Energy Target is a commitment by the Australian Federal Government to make Australia's electricity mix 20% renewable by 2020. The main source of contention for the renewables industry in Australia is that solar water heaters (including domestic) and small-scale solar, wind and hydro electricity systems are eligible in the RET scheme, as well as native forest wood waste.

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