Renewable Energy Amendment Act 2015

Name of policy Renewable Energy Amendment Act 2015
Jurisdiction Country
Supranational region
Country Australia
Region Oceania


Subnational region or state
City or local
Policy objective
  • Mitigation
Type of policy instrument
  • Economic Instruments
    • Fiscal or financial incentives
    • Target
      • Renewable energy target
        • Formal & legally binding renewable energy target
    Sector name
    • Electricity and heat
      • Renewables
    Policy description "The new target for large-scale generation of 33,000 GWh in 2020 will double the amount of large-scale renewable energy being delivered by the scheme compared to current levels and means that about 23.5 per cent of Australia’s electricity generation in 2020 will be from renewable sources."

    "Since January 2011 the RET scheme has operated in two parts—the Small-scale Renewable Energy Scheme (SRES) and the Large-scale Renewable Energy Target (LRET)." "The LRET includes legislated annual targets which will require significant investment in new renewable energy generation capacity in coming years. The large-scale targets ramp up until 2020 when the target will be 33,000 gigawatt-hours of renewable electricity generation." "The SRES creates a financial incentive for households, small businesses and community groups to install eligible small-scale renewable energy systems such as solar water heaters, heat pumps, solar photovoltaic (PV) systems, small-scale wind systems, or small-scale hydro systems. It does this by legislating demand for Small-scale Technology Certificates (STCs)." "RET-liable entities with an obligation under the LRET also have a legal requirement under the SRES to buy STCs and surrender them to the Clean Energy Regulator on a quarterly basis." (Source: https://www.environment.gov.au/climate-change/renewable-energy-target-scheme)

    Policy type
    • Renewables1
    Policy stringency
    Implementation state Implemented
    Date of decision 2015
    Start date of implementation 2015
    End date of implementation
    High impact GHG reduction
    Impact indicator
    NameValueBase yearTarget yearComments
    Share of renewables (%)23.52,020


    Source or references https://www.environment.gov.au/climate-change/renewable-energy-target-scheme

    http://www.aph.gov.au/Parliamentary_Business/Bills_Legislation/Bills_Search_Results/Result?bId=r5463

    Supports policies
    Is supported by policies
    Comments (background and assessment)
    Status Final

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