The Australian Chamber of Commerce and Industry (ACCI) casts doubt on Labor's ambitious renewable energy goal, citing the escalating energy prices and lack of government transparency as major concerns.
The Australian Chamber of Commerce and Industry ( ACCI ) has expressed skepticism about the Labor government's ambitious target of achieving 82 percent renewable energy by 2030, citing the escalating energy costs as a major obstacle. David Alexander, the ACCI 's Chief of Policy and Advocacy, stated that there are concerns among regulators and businesses regarding the feasibility of this target.
While the ACCI remains committed to Australia's broader goal of net-zero emissions by 2050, Alexander highlighted the anxieties businesses are experiencing due to rising energy prices. He emphasized that businesses are struggling to cope with current energy costs and lack confidence that these prices will decrease in the future. This uncertainty, coupled with a perceived lack of transparency from the government regarding its energy transition plans, has eroded confidence in the 82 percent renewables target. Alexander called for greater government transparency, stating that communities, investors, and businesses need a clearer understanding of the challenges and opportunities associated with the energy transition. He stressed the importance of early information and course correction to ensure that Australia is on the right track. Alexander suggested that utilizing more natural gas could be a viable solution to alleviate pressure on energy prices. However, he expressed surprise that natural gas has been largely demonized by state and federal governments. Meanwhile, Shadow energy minister Ted O'Brien made a more assertive claim, stating unequivocally that the 82 percent renewables target will never be met. O'Brien criticized the government for failing to address the escalating energy crisis and for delaying the release of its climate target for 2035. He accused Prime Minister Anthony Albanese of lacking the strength to rein in his climate-focused minister and blamed the government's inaction for the rising energy costs and reliability concerns faced by Australians
RENEWABLES ENERGY COSTS ACCI LABOR GOVERNMENT AUSTRALIA CLIMATE TARGET NET ZERO GAS
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