Renewable energy investment.

18/11/2014

A key feature of the President Obama/President Xi communique is their commitment to substantially reduce carbon pollution. There was little mention of an emissions trading scheme or putting a price on carbon. The emphasis was on developing renewable energy as an alternative source of energy to fossil fuels.  Emphasis was given to development of solar, wind and nuclear power. But in Australia, our government in attacking the established renewable energy targets has caused great confusion and damage in investment plans. As a result, renewable energy investment in Australia dropped 70% in the past year.  See the link below to the  report from the Climate Council which was published in The Conversation on 10 November.  John Menadue.

http://gu.com/p/436ym/sbl

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