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– Letting in the sun –

 24 Apr 2009 3:45 PM Letting in the sun Business Spectator by keith Orchison there is a submission to the Senate select committee on climate change, now reviewing emissions trading policy, that merits a bit more attention. It has been put in by ANU professor Andrew Blakers.Paraphrased, Blakers is telling Senators that nowhere near enough has been done to promote renewable energy in Australia.The Rudd government’s $150 million energy innovation fund, he says, is inadequate to rebuild research in universities and the CSIRO and to assist start-up companies build up to commercialisation. And it expires in 2012. Build it up to $1 billion over seven years, he argues.Also, introduce a new funding mechanism for commercialisation of renewable energy innovation and give it $2 billion to spend over seven years. And expand the $450 million renewable energy development program, which is focussed on large-scale demonstration projects, to $2 billion over seven years.Blakers also wants the renewable energy target – which Rudd proposes to make 20 per cent of national electricity consumption in 2020 – ratcheted up to 40 per cent by 2030……………………………His submission can be found on the Senate Climate Change committee website

Business Spectator – Letting in the sun – Blog – Keith Orchison

April 25, 2009 - Posted by Christina Macpherson | Uncategorized