This election, $9 billion in renewable energy is at stake
November 12, 2010
The Clean Energy Council has revealed that up to $9 billion in renewable energy investment could be put at risk by the election of the Baillieu Government.
This equates to 650 new jobs each year by 2016, and a massive 3000 megawatts of renewable energy capacity.
The risk comes from the Liberal Party’s opposition to investment in wind farms – which will drive Victoria’s renewable energy sector, as well as contribute in large part to Victoria’s 20% carbon reduction by 2020.
Under Bailleiu’s “2km setback” policy, it would be more difficult to build a windfarm in Victoria than a new coal mine.
The Brumby Labor Government is leading Australia in investment in renewables and carbon pollution reduction targets.