The Rudd Government is currently busy pressurizing the opposition to lend its support to changes to yet another one of its faltering climate change policies, which is the renewable energy target, in light of the emissions trading scheme which has been ditched.
In a speech which was delivered to a renewable conference yesterday in Adelaide, Penny Wong, the Climate Change Minister, urged for bipartisan support for changes to the targets set earlier, which now ensure that 20% of the power used in Australia comes from renewable energy sources by the time 2020 rolls in.
The ruling Government has been forced to change the previous target after the initial design managed to bring a crash in the price of the renewable energy credits that are important to financing of large-scale projects like wind farms.
Since it has been officially announced that the targets have been altered, the price of credits has managed to bounce back.
Senator Wong stressed that the Government is all prepared to sit down with the opposition and cross-bench senators to reach an amicable deal. ''The government is committed to the enhancement of the renewable energy target", she said.












