Australia’s Renewable Energy Target Under Scrutiny

REPLAY VIDEO
Your next video will start in
Pause

Recommended Videos

  • Info

  • Comments

  • VIDEO TEXT

Sept. 10 (Bloomberg) -- Bloomberg’s Kobad Bhavnagri reports on the ‘carbon tax’ as it relates to the Australian elections. He speaks on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)

Look, we think he will be able to repeal the carbon tax.

The unexpected election of six independent senators joining two incumbents means that the numbers will be there in the senate.

That looked like the key stumbling block.

Any situation with the independence and the balance of power, the power usually rests with the government.

They will be able to cut a deal and get their loss through.

There is a lot of pressure in europe to cut subsidies on nobles.

-- renewables.

There is pressure from some sections of the energy industry to bareback the renewable energy targets and the coalition has promised to review this next year.

They have also promised to cut funding for a number of renewable energy projects and renewables, in the context of waste and management.

It causes uncertainty in the industry.

Uncertainty is not what businesslike.

No.

the crisis is good for people who are energy-intensive.

It lowers their cost base and decreases their profits.

We're looking at new production and energy intensive industries.

It is not a bad thing.

It means that you do not know what is going to be.

Plenty of europeans, over the last few months.

It sounded a great political slogan.

It could mean anything.

But it is a program to reduce omissions having the government buying in mission projects from people in the land of sector.

The details on the program are scant.

Anyone was look at the program is skeptical about its ability to deliver much in the way of cuts.

The consequences of that is that australia will not meet its obligations and commitments under the kyoto protocol.

There's an awful lot of "we do not know yet.

Oh -- yet." i would expect some substance.

International agreements of the realities of the scientific and economic imperatives that are coming to bear.

Hopefully, in the next six to 12 months, we will get some clarity.

Thank you very much indeed.

What do we have humming up?

For those listening on the radio, -- is coming.

The crisis in serial.

We'll have a little bit of policy and talk about what yesterday's developments meant for this story.

And, this apple launched that we have this evening, will there be

This text has been automatically generated. It may not be 100% accurate.

Advertisement

BTV Channel Finder

Channel_finder_loader

ZIP is required for U.S. locations

Bloomberg Television in   change