Target 300 Report Release - 21 Jan 2010

Target 300 has release a report titled - How Kevin Rudd managed to turn solar photo voltaics (PV) into Australia's most greenhouse gas intensive form of energy production. The report outlines how selling of Renewable Energy Certificates under the Solar Credits Scheme burdens owners of solar PV systems with high levels of emissions for relatively little gain. The report concludes the solar credit scheme needs to be replaced.

Get the report from the Target 300 website.

The below diagram from the report shows how under the Solar Credit Scheme, solar PV owners to sell four volumes of non existent renewable electricity, in the form of Renewable Energy Certificates (RECs), for each real volume of renewable electricity produced, accepting both the dollar value of the RECs and the emissions the RECs are used to offset.

The report formed the basis of the Target 300 submission to the Department of Climate Change review of the treatment of 'Solar Credits' Renewable Energy Certificates under the Renewable Energy Target. Submissions close 28 January.

For people interested in writing a submission check out our report on the Solar Credit Scheme here

admin – Wed, 2010 – 01 – 27 06:11

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