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.
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.
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||Engagement Intensity|
|D+||BHP||37||Metals & Mining||Oceania|
|D||Rio Tinto Group||35||Metals & Mining||Europe|
|D-||Glencore International||24||Metals & Mining||Europe|
|D+||Business Council of Australia||48||All Sectors||Oceania|
|E+||Australian Petroleum Production & Exploration Association (APPEA)||38||Energy||Oceania|
|E+||Minerals Council of Australia (MCA)||43||Metals & Mining||Oceania|
|E+||Australian Chamber of Commerce & Industry||18||All Sectors||Oceania|
|D-||Manufacturing Australia||11||All Sectors||Oceania|