The world leading Tasmanian Renewable Energy Target (TRET) has been tabled in parliament.
Yesterday, the Energy Co-ordination and Planning Amendment (Tasmanian Renewable Energy Target) Bill 2020 was tabled. This Act will modify the Energy Co-ordination and Planning Act 1995 to include a target of 15,750 GWh of renewable energy generation by 2030, and 21,000 GWh by 2040. With the current target of 10,500 GWh by 2022 (100% of Tasmania’s requirements) still in place, these represent Renewable Energy Targets of 150% by 2030 and 200% by 2040.
Ambitious renewable energy targets have proven to be game-changers in other jurisdictions in driving confidence, strategy and investment. The Australian Energy Market Operator (AEMO) Integrated System Plan (ISP) earlier this year showed that legislating the TRET will change the course of the nation’s energy sector development.
You can see the Bill here