[Greens-Media] Media Release: Victoria missing out on benefits of clean energy: new report

[Elizabeth.Ingham at parliament.vic.gov.au]

Greg Barber MLC, leader of the Victorian Greens, said new modelling by 
Bloomberg New Energy Finance shows Victorians will lose clean energy jobs 
and lower long-term energy prices if the federal government cuts the 
Renewable Energy Target (RET).

Greg Barber said, "The Liberals are stifling the development of our 
renewable energy resources, which means Victoria misses out on jobs and 
other benefits.

"The Bloomberg New Energy Finance modelling shows the Renewable Energy 
Target (RET) will cut the cost of energy for households and businesses, 
plus bring jobs.

"The Renewable Energy Target was designed to bring environmental benefits, 
cutting our emissions, but it is also producing an economic dividend.

Bloomberg found:
* Cutting back or abolishing the target will threaten 7,000 - 11,000 
future clean energy jobs every year up to 2020
* Keeping the 45TWh target will generate 24,800 each year up to 2020
* Over the long term the target will save consumers $2 billion per year 
(2015-2030)
* If the RET is abolished then small scale solar PV will be Australia?s 
only viable clean energy industry

"Liberal Party Premier Denis Napthine has no plan for Victoria and how we 
can reap the economic benefits of clean energy.

"Rather than protecting a monopoly for one power source, we need to 
encourage competition between them to reduce prices.

"The Greens will take on the monopoly power of the energy companies, in 
the interests of Victorians and our environment.

"The Greens support the Renewable Energy Target and will remove the laws 
that have stopped the wind industry in its tracks, unlocking billions of 
dollars in new investment for Victoria?, said Mr Barber.

Media contact: Alistair Perkins 0425 792 532

* Bloomberg New Energy Finance media release http://tinyurl.com/l3qs9ya 
and full report: http://tinyurl.com/lmjm5nz 

************************************

Liz Ingham
Office of Greg Barber MLC
Northern Metropolitan Region
Victorian Greens Leader

P: 9348 2622
M: 0409 333 595
E: elizabeth.ingham at parliament.vic.gov.au
W: http://mps.vic.greens.org.au


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Parliament of Victoria                                                                                                                    . 

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