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Publications archive - International Activities and Commitments

Disclaimer

Key departmental publications, e.g. annual reports, budget papers and program guidelines are available in our online archive.

Much of the material listed on these archived web pages has been superseded, or served a particular purpose at a particular time. It may contain references to activities or policies that have no current application. Many archived documents may link to web pages that have moved or no longer exist, or may refer to other documents that are no longer available.

Cover of Harnessing Australia's renewable potential - WSSD 2002 fact sheet

Harnessing Australia's renewable potential

WSSD 2002 fact sheet
Environment Australia, August 2002

PDF file

About the fact sheet

Renewable energy is certain to become a major industry as the world moves rapidly towards cleaner, greener energy sources to meet growing energy demands.

Renewable energy companies that have located their operations in Australia have already begun to reap the benefits.

Mini-hydro, photovoltaics, small-scale wind, waste-to-energy conversion, solar hot water and remote area power systems have consolidated Australia's reputation as a world leader in renewable energies. And these skills have been put into practice and on display for the world, with athletes at the 2000 Sydney Olympic Games being housed in the world's largest solar-powered suburb.

Australia's world-leading capabilities in this and other sectors are only possible through ingenuity and an environment which encourages creativity and innovation.

Australia recognised the revolution in renewable energy years ago, and so enacted one of the world's first guaranteed markets for renewable energy. In 2000, the Australian Government's Renewable Energy (Electricity) Act set specific, mandatory annual targets for electricity wholesalers in their uptake of electricity sourced from accredited renewable energy suppliers. The overall target of 9,500 GWh will be achieved by 2010 and maintained until 2020.

Generous research and development incentives have accompanied this commitment, with tax concessions of up to 175 per cent for new research and development undertaken in Australia.

Government incentives and tax concessions, however, are only part of the story. Australia's renewable energy sector has another unfair advantage over the competition - it is in Australia.