Market forces rather than subsidies are now driving investment in renewable energy, says an official analysis that also shows wind and solar penetration will reach a level the former Abbott government legislated to prevent.
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| The regulator said 2018 was the year that commercial factors overtook subsidies as the main driver of renewables investment. |
However, the Clean Energy Regulator (CER) report says the strength of future renewables investment remains "uncertain", and analysts warn the boom will inevitably end, stymieing efforts to reduce greenhouse gas pollution.
Read the story from The Age by Nicole Hasham - “Market forces a stronger driver of renewables investment than subsidies.”
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