Renewable energy targets: what each party wants
What is the renewable energy target?
* Designed to reduce emissions and encourage investment in renewable energy such as solar and wind.
* Requires 20 per cent of all power to come from renewable energy by 2020.
* The target of 41,000 gigawatt hours was set in 2010.
* Falling energy consumption means the target will exceed 20 per cent.
* Two parts: small scale which includes rooftop solar panels, large scale which includes projects like wind warms.
What the parties want:
Coalition
* Reduce the 41,000 gigawatt target to a “real 20 per cent” instead of 20 per cent on 2010 levels.
* Drop target to 27,000 gigawatts.
* Exempt energy-intensive, trade-exposed industries like aluminium.
* Protect solar rooftop program.
Labor
* Prepared to offer “minimal compromise” of target in high 30,000s.
* Exempt energy-intensive, trade-exposed industries.
* Keep solar rooftop program.
* Won’t resume negotiations until government demonstrates “significant shift” in position.
Greens
* Absolutely no change to RET.
Palmer United Party
* Will attempt to block any reduction to RET.