Fed Renewable Energy Target (RET) (2001)

Policy Description

The Renewable Energy Target (RET) has been in operation since 2001, with the initial aim to source two per cent of Australia’s electricity generation from renewable sources. In 2009, this was increased to 20 per cent of Australia’s electricity (41,000 GWh) by 2020. In January 2011, the RET was split into the Large-scale Renewable Energy Target (LRET) and Small-scale Renewable Energy Scheme (SRES). The LRET creates financial incentives to establish and expand renewable power stations such as solar and wind farms. The SRES creates financial incentives for smaller-scale installations such as solar panels and hydro systems.

InfluenceMap Query

Renewable Energy

Policy Status

Active

Lobbying Overview

  • The evidence collected on corporate and industry lobbying on Australia’s RET from 2012-20 indicates that the majority of corporate engagement on the policy has been unsupportive or oppositional.
  • InfluenceMap found 50 cases of entities opposing the RET and/or calling for its removal before 2020 including AGL Energy, Minerals Council of Australia, and Origin Energy.
  • There were a further 47 cases of entities not supporting the continuation of the RET until 2030 or supporting a weaker target, including Ai Group and Business Council of Australia. Clean Energy Council appears to have consistently supported an ambitious RET from 2016-20.

Evidence Profile

4849111111

Policy Progress

In June 2015, the Australian Parliament passed an amendment bill which legislated a target to source 33,000 GWh of electricity from renewable sources by 2020, reduced from the previous target of 41,000 GWh. Although this target was met in September 2019, the LRET and SRES are both scheduled to run until 2030. There is currently no federal legislation planned to replace the RET.

Entities Engaged on Policy

The table below lists the entities tracked by InfluenceMap which have publicly engaged with the policy. InfluenceMap tracks around 300 companies and 150 industry associations globally. Each entity links back to the entities’ full InfluenceMap profile, where the evidence of its engagement can be found.

InfluenceMap Performance Band
Organization
Sector
Headquartered
D
Business Council of Australia All Sectors Australia
C-
Origin Energy Energy Australia
C
Australian Industry Group (Ai Group) All Sectors Australia
C
AGL Australia Utilities Australia
D+
EnergyAustralia Energy Australia
D-
Minerals Council of Australia (MCA) Materials Australia
A-
Clean Energy Council Energy Australia
D-
Australian Petroleum Production & Exploration Association (APPEA) Energy Australia
D-
Rio Tinto Group Materials United Kingdom
D-
Woodside Energy Australia