Sign up for our free daily newsletter
YOUR PRIVACY - PLEASE READ CAREFULLY DATA PROTECTION STATEMENT
Below we explain how we will communicate with you. We set out how we use your data in our Privacy Policy.
Global City Media, and its associated brands will use the lawful basis of legitimate interests to use
the
contact details you have supplied to contact you regarding our publications, events, training,
reader
research, and other relevant information. We will always give you the option to opt out of our
marketing.
By clicking submit, you confirm that you understand and accept the Terms & Conditions and Privacy Policy
Stephen Webb, a partner in the Brisbane office of Anglo-US global law firm DLA Piper, told Australian Legal Business Online that the government’s targets for 2020 renewable energy use contain no provisions for the type of energy that is used or how much of the target can be fulfilled by one type of energy.
Intervention required
‘The only way to make these [renewable energy] projects economically viable is by creating a regulatory environment where the retailers have to buy energy from certain renewable sectors,’ said Mr Webb. ‘We need to have regulatory intervention in the market, whereby the government directs the retailers to not only hit the 2020 targets for renewable power, but also that they must do that in a wider context including solar, wave, biomass as well as wind.’
Mr Webb – who has previously worked on renewable energy projects overseas, including in Abu Dhabi – added that Australia is ‘very disappointing on a global scale’, commenting: ‘There are many international solar companies looking at Australia for some time, as a result of our environment, but they have been frustrated with the lack of projects in the market. There have not been any large scale solar projects in Australia; only a medium sized one in Western Australia.’
Email your news and story ideas to: [email protected]