Australian government's disdain for renewable energy continues

Giles Parkinson.

Australia has chosen not to send any government representatives to the first major post Paris climate change conference, as new data confirms how the Coalition government has effectively killed the renewable energy target as an effective policy mechanism.

In 2015, the world invested a record $US329 billion in renewable energy. But in Australia, the RET – the country’s primary policy mechanism, has attracted just $15 million in investment in nearly two years.

The data, from Bloomberg New Energy Finance, confirms that since the Abbott government announced its review into the RET in early 2014, the scheme has been at a standstill.

Read Giles Parkinson’s story on RenewEconomy - “Australia snubs 1st major post-Paris summit after killing renewables target.”