State of Victoria Passes Ambitious Renewable Energy Law

The Andrews Labor Government’s renewable energy targets passed the Legislative Council last Friday.

The Renewable Energy (Jobs and Investment) Bill 2017 enshrines ambitious new renewable energy targets for Victoria of 25 per cent by 2020 and 40 per cent by 2025 in law. These targets will cut the average cost of power for Victorians by around $30 a year for households, $2,500 a year for medium businesses and $140,000 a year for large companies, while driving a 16 per cent reduction in Victoria’s electricity sector greenhouse gas emissions by 2034-35. The legislation passed the Legislative Council by 20-18 votes, despite all Liberal and National members voting against this bill. The Labor Government’s targets will create up to 11,000 jobs... ... More: Official Press Release Minister for Energy, Environment & Climate Change of Victoria (Australia)

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Australia, Victoria, renewable energy law, target