This paper introduces a review examining the operation, costs and benefits of the Renewable Energy Target (RET) scheme including the economic, environmental and social impacts, and invites the public to make submissions.
On 17 February 2014, the review of the Renewable Energy Target (RET) scheme was jointly announced by the Hon Ian Macfarlane MP, the Minister for Industry, and the Hon Greg Hunt MP, the Minister for the Environment. The Terms of Reference state that the review is to examine the operation, costs and benefits of the RET scheme including the economic, environmental and social impacts, the extent to which the objectives of the scheme are being met and the interaction of the RET with other Commonwealth and State/Territory Government policies. The review is to provide advice on whether the objectives of the RET scheme are still appropriate and the range of options available for reducing its impact on electricity prices.
An Expert Panel has been appointed to undertake the review, comprising : Mr Dick Warburton AO LVO (chair ), Dr Brian Fisher AO PSM, Ms Shirley In’t Veld and Mr Matt Zema. The Panel is supported by a secretariat in the Department of the Prime Minister and Cabinet. This paper will assist individuals and organisations to prepare submissions on the review . It identifies matters that the Panel considers most relevant , but comments on other issues are welcome. The Panel is particularly interested in any evidence to support findings and conclusions made in submissions.
This call for submissions closes on 16 May 2014. Find out more about making a submission here.