Renewable Energy Targets Aiming For A Jobs Boom

18:16' 29-08-2017
Legislation introduced into the State Parliament two weeks ago will set ambitious new renewable energy targets for Victoria, of 25% by 2020 and 40% by 2025. If passed, it will be the first time such ambitious renewable energy targets have been enshrined in legislation anywhere in Australia.

    Kết quả hình ảnh cho Renewable Energy A Jobs Boom For Victoria

    Photo: econews.com.au

    The Renewable Energy (Jobs and Investment) Bill 2017 will legislate the Victorian Renewable Energy Targets (VRET), a commitment made by the government in June last year. The government is harnessing the power of renewable energy to drive down prices, attract billions of dollars of investment and create thousands of local jobs.

    In October, Victoria will hold “the largest renewable energy auction in Australia” for up to 650 megawatts (MW) of renewable energy capacity, enough to power 389,000 households. This first auction is expected to bring up to $1.3 billion of investment, creating 1,250 construction jobs over two years and 90 ongoing jobs.

    For the consumer, the VRET will cut the average cost of power by around $30 a year for households, $2,500 a year for medium businesses and $140,000 a year for large companies. It will also drive a 16% reduction in Victoria’s electricity sector greenhouse gas emissions by 2034-35.

    The government also announced the winners of a tender to help build around 138 MW of new large scale solar projects to power Melbourne’s tram network. This will bring forward an additional investment of $198 million and generate around 325 jobs in regional Victoria during construction.

    The shift to renewable energy systems is a worldwide trend. New Scientist reported in April that, as clean technology prices fell, 138.5 gigawatts (GW) were added to global power capacity, an increase over the previous year of 8%. This is equivalent to the total power capacity of Canada. Renewable systems contributing to the growth included wind, solar, biomass, geothermal, small-scale hydropower, marine energy and waste-to-energy schemes.

    The report also said that investment in new renewables was roughly double the amount going into fossil fuel plants. The “clean” technologies accounted for 55% of the added capacity.

    “More renewable energy means more jobs for Victorians,” Premier Daniel Andrews said when announcing the legislation. “That’s why we’re setting these ambitious targets and promoting investment in this growing sector.”

    Minister for Energy, Environment and Climate Change Lily D’Ambrosio said, “The renewable energy sector will now have the confidence to invest in renewable energy projects and the jobs that are crucial to Victoria’s future.”

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Keywords: australiarenewable energy targetsstate parliament

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