Renewable Energy Report Recommends Cutting Australia’s Target

Australia should weaken or phase out its renewable-energy target in favor of a lower-cost approach to cutting greenhouse-gas emissions, a panel appointed to review the plan recommended.

The government should close the program to new entrants while protecting current investment until 2030, or scale it back to 20 percent of electricity generation as originally intended, according to the review led by Dick Warburton and released today. Scrapping the small-scale renewable energy target, including subsidizing solar panels on rooftops, should be considered, it said.