The community 100% Renewable Campaign has welcomed the renewable energy commitments delivered by the carbon price package and called for them to be rolled out as soon as possible.

"When you combine the new additional funding, the independent governance structures and the planning for a 100% renewable energy grid, you can see that the Multi Party Committee has been serious about setting a course for a renewable energy-powered future for Australia,” said Lindsay Soutar, Campaign Coordinator for 100% Renewable Energy.

“Funding for renewable energy has been a political football for too long. Now that these measures have been announced it is imperative we get moving and see the money start flowing as soon as possible.

In particular we are pleased to see:

• guaranteed funding for $5 billion over 5 years for renewable energy from carbon price revenue for the Clean Energy Finance Corporation, with the option of tendering into an additional $5 billion stream;
• The creation of the new independent body, ARENA, to oversee renewable energy funding at arm’s length from government;
• The commencement of planning by the Australian Energy Market Operator for our electricity grid to operate with 100% Renewable energy.

"Renewable energy is the only source of power that gets cheaper the more we install, so establishing these bodies should be welcomed by all Australians worried about rising energy prices.

“These measures will also mean many new jobs and investment in renewable energy, new regional development opportunities and a move towards cleaner air and water and safer, healthier communities.”

“We are delighted that the Multi Party Committee has heard the call from the community for renewable energy.

“Together with many other community groups, we have campaigned hard for this kind of outcome and look forward to seeing this strong beginning built further into the future.

MEDIA CONTACTS:
Lindsay Soutar, 0411 098 853
Andrew Bray, 0421 379 646