4 June 2015, Timberbiz, RET could revive timber in Victoria. The revised Renewable Energy Target (RET) currently before Parliament would provide a market for otherwise unsaleable timber, according to a document from Victoria’s state-owned forestry business, VicForests, obtained by the ABC. Source: ABC News. Environment Minister Greg Hunt introduced the Renewable Energy (Electricity) Amendment Bill and the legislation locks in the bipartisan deal for a new, lower, 2020 Renewable Energy Target. But, controversially, it reinstates the burning of native forest wood waste as a renewable energy source in the RET scheme. “There is no evidence that its eligibility leads to unsustainable practices or has a negative impact on Australia’s biodiversity,” Mr Hunt said when introducing the bill. “Using wood waste for generation is more beneficial to the environment than burning waste alone on the forest floor or simply allowing it to decompose and to produce methane a very high global warming potential gas.” The changes will help hardwood timber company Australian Solar Timbers (AST) build a two-megawatt power plant that will generate electricity onsite. AST chairman Douglas Head said timber for the plant in New South Wales’ Macleay Valley would come from existing sawmill waste that had little current value. “There is not one new tree that would be cut. Frankly you would not cut a tree to produce electricity alone. It’s got to be cut for some other high-value use,” he said. He said the wood by-products now potentially eligible for burning were “used sometimes as boiler fuels, potting mix, horse stable coverings and in the chicken industry — very low value”. The VicForests document says wood could be used as a brown coal substitute, but Nathan Trushell from VicForests downplayed the prospect of massive forest furnaces. “I think the stark reality for us is we would see some significant economic challenges with Renewable Energy Target credits or not,” he said. “I think if there is opportunity for us in that space, it’s really around small-scale local generation. I think for large-scale co-generation in coal-fired power stations the reality is timber is heavy and expensive to transport. “If we’re looking at our operations in East Gippsland we’re talking about several hundred kilometres to transport that material. I can’t see how economically that would stack up for us. Read More here
Tag Archives: RET scheme
3 June 2015, Renew Economy, Renewable Energy Target bill moves to Senate, with promise of debate over wood waste: The political debate over Australia’s renewable energy target will now move to the Senate, after legislation paring back the target from 41,000Gwh by 2020 to 33,000GWh was passed through parliament’s lower house…Federal Labor yesterday introduced an amendment to the RET bill to have the burning of native wood waste for energy excluded from the legislation, for the reason that it was neither clean nor renewable. “When in Government, Labor opposed its inclusion in the legislation and we oppose it in Opposition,” Butler said in a statement. Excluding it from the target, said, provided for large-scale solar and wind farms to be built to achieve the target of 25 per cent of Australia’s energy generation from renewable sources by 2020. Read More here
Here’s how the states can dodge Canberra’s renewable roadblock. Labor and the Coalition government have now agreed to cut the federal renewable energy target (RET) from 41,000 gigawatt hours in 2020, to 33,000 GWh – a reduction of almost 20%. This agreement has been hailed as restoring stability to the industry, after a year plagued with uncertainty and featuring two reviews. However, this is still a significant cut, particularly as the target is a significant part of Australia’s policy response to climate change. Meanwhile, Victoria has committed to restoring its own renewable energy target, the VRET, following other states in developing renewable energy policy. However a clause the federal legislation prevents schemes similar to the federal RET. How can the states get around this and support their industries? Read More here
How will the reduced Renewable Energy Target affect investment? After months of uncertainty over the future level of Australia’s Renewable Energy Target (RET), the federal government and opposition have reached a compromise agreement to scale back the target. The deal will see the RET wound back to 33,000 gigawatt hours of renewable energy by 2020, down from its previous level of 41,000 GWh. The government had earlier sought a target of around 27,000 GWh, but the new compromise was reached after the Labor opposition and the renewables industry each indicated they would be willing to agree on a level in the low-30,000s to end the stalemate. Read More here