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Australia Seeks to Reduce Renewable Energy Target to ‘Real’ 20%

Prime Minister Tony Abbott’s government will negotiate with the opposition to cut Australia’s renewable energy target and exempt industries such as aluminum and copper smelting.

Industry Minister Ian Macfarlane said he was “reasonably confident” the target would be reduced from the current 41,000 gigawatt hours of electricity from renewable projects to between 26,000 and 28,000. While negotiations with Labor will start today, legislation is unlikely to be passed this year, Macfarlane said.