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Albanese government substantially expands renewable energy scheme amid 2030 target concerns
https://www.theguardian.com/australia-news/2025/jul/29/australia-expands-renewable-energy-scheme-2030-targetAlbanese government substantially expands renewable energy scheme amid 2030 target concerns
Chris Bowen says Labor will increase size of its main climate and energy program by 25% to capitalise on falling cost of solar panels and batteries
Adam Morton Climate and environment editor
Mon 28 Jul 2025 22.26 EDT
The Australian government will substantially expand a renewable energy underwriting scheme as it aims to capitalise on the falling cost of solar panels and batteries and combat concerns it may struggle to meet its 2030 climate target.
The climate change and energy minister, Chris Bowen, said the government would increase the size of its main climate and energy program – known as the capacity investment scheme – by 25%.
It means Labor plans to underwrite the construction of 40 gigawatts of large-scale solar, wind and storage by the end of the decade. In capacity terms, this is nearly twice as much energy infrastructure as the country’s existing coal-fired power fleet.
The announcement follows concern the rollout of clean energy has been slower than promised due to issues with planning approvals for new electricity grid connections, supply chain delays and social licence concerns in parts of the country. Labor has a goal of 82% of grid electricity coming from renewable energy by 2030, up from about 42% of generation over the past year.
…
Chris Bowen says Labor will increase size of its main climate and energy program by 25% to capitalise on falling cost of solar panels and batteries
Adam Morton Climate and environment editor
Mon 28 Jul 2025 22.26 EDT
The Australian government will substantially expand a renewable energy underwriting scheme as it aims to capitalise on the falling cost of solar panels and batteries and combat concerns it may struggle to meet its 2030 climate target.
The climate change and energy minister, Chris Bowen, said the government would increase the size of its main climate and energy program – known as the capacity investment scheme – by 25%.
It means Labor plans to underwrite the construction of 40 gigawatts of large-scale solar, wind and storage by the end of the decade. In capacity terms, this is nearly twice as much energy infrastructure as the country’s existing coal-fired power fleet.
The announcement follows concern the rollout of clean energy has been slower than promised due to issues with planning approvals for new electricity grid connections, supply chain delays and social licence concerns in parts of the country. Labor has a goal of 82% of grid electricity coming from renewable energy by 2030, up from about 42% of generation over the past year.
…