The current target under the RET is for 33,000 gigawatt hours of electricity to come from renewable sources by 2020. This target is split between large-scale renewable energy projects and small-scale technology certificates (STCs) for small-scale Solar panel installations.
The RET has been instrumental in driving the growth of the renewable energy industry in Australia. It has encouraged investment in Solar, wind, and other renewable energy projects, and has helped to reduce greenhouse gas emissions in the electricity sector.
The RET is supported by both major political parties in Australia and has bipartisan support. However, there have been debates and discussions about the future of the RET, with some calling for an increase in the target to further promote renewable energy, while others argue for a reduction or abolition of the target.
Overall, the RET has been successful in promoting renewable energy in Australia and has played a key role in the transition to a cleaner and more sustainable energy future.
