none
none

BREAKDOWN ON RET NEGOTIATIONS ‘A ROADBLOCK TO INVESTMENT’

15-11-2014
by 
in 

The breakdown of Renewable Energy Target (RET) negotiations between the Government and the Opposition is a roadblock to investment that will increase consumer costs and worsen perceptions of risk, the Australian Industry Group claims.

AiGroup Chief Executive Innes Willox said without a workable bipartisan deal, deep uncertainty will impose increasing costs on energy users and strangle investment in renewables.  

“The direct costs of the RET will go up, and without investment there will be no offsetting downward pressure on electricity prices, Mr Willox said.

“Neither deep cuts in the RET nor years of continued uncertainty are in the interests of energy users.”

Mr Willox said a bipartisan agreement that provides durable confidence “beyond the swings of the electoral cycle” is badly needed.

A “workable” deal would require both sides to make significant concessions. 

“The key requirements are that a deal not expose energy users to major new costs, not impact on existing investments and be practically implementable, Mr Willox said.

“The Government and the Opposition should regroup and return to the negotiating table as soon as possible.” 

Related news & editorials

  1. 21.11.2017
    21.11.2017
    by      In
    Darcy Ewing of Kurrupt Kustoms in Albury NSW was running compressed air from a 6-year-old reciprocating piston-style compressor when (in his own words) it virtually “S*** itself!”.
    This left his high-end auto body and customisation shop in real trouble with a total shutdown of all essential... Read More
  2. 21.11.2017
    21.11.2017
    by      In
    If the recent upheavals in Australian manufacturing illustrate one truth, it is the absolute necessity for forward planning, and more to the point, the importance of planning for growth – regardless of a company’s existing size.
    While the ambition to grow a manufacturing operation is one thing,... Read More
  3. 21.11.2017
    21.11.2017
    by      In
    Blockchain technology was invented to make the world’s first crypto-currency, Bitcoin, possible. Traditional currencies rely on intermediaries like governments, banks and clearing houses to guarantee their value and process transactions. Bitcoin uses digital technologies to cut out these middlemen... Read More
  4. 21.11.2017
    21.11.2017
    by      In
    Australian Tank Engineering (ATE Tankers) has been engineering and manufacturing tankers in Australia for nearly two decades. But whereas most vehicle manufacturers have seen sales decline in recent years, ATE has elevated itself through the trend with a transformative mindset that has enabled the... Read More