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Australian Renewable Energy Strategy Released

Australia (News4us.com) April 04, 2011

Renewable Energy Strategy 2 Australian Renewable Energy Strategy Released

Australian Renewable Energy Strategy Released

The Australian Centre for Renewable Energy (ACRE) has today released its Strategic Directions report setting out priorities for renewable energy technology development and recommends initiatives to support its development, commercialisation and large scale deployment.

Welcoming the report developed by the ACRE Board, Minister for Resources and Energy, Martin Ferguson AM MP, said that the independent expert advice from ACRE would play an important role in guiding Government support for renewable energy.

“It is important that Government gets the right advice from experts in the field if Australia is to commercialise its promising renewable energy technologies,” Minister Ferguson said.

“Australia’s great potential to produce renewable energy hinges on our ability to develop a range of renewable energy technologies and drive down their costs.

“The program of work ACRE sets out in its Strategic Directions is an important step towards achieving this objective.”

The final Strategic Directions report follows wide consultation with companies, researchers, industry associations, and state and territory governments.

The report recommends the creation of an expanded Emerging Renewables program, consisting of the Government’s $40 million election commitment, combined with ACRE’s other unallocated funds.

This could extend the funding envelope for Emerging Renewables to more than $100 million, of which at least $40 million would be available for developing technologies such as ocean and geothermal.

The Government will now consider ACRE’s recommendations.

ACRE was established in 2010 to provide a central point of contact for companies looking to invest in renewable energy and enabling technologies and is a key component of the Government’s $5 billion Clean Energy Initiative. Along with the Expanded Renewable Energy Target and a price on carbon, this direct funding for renewable energy technologies is an integral part of the Government’s action to address climate change.

Strategic Directions is available at www.acre.gov.au.


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