Hunt commits to the renewable energy target as experts meet

WHILE Environment Minister Greg Hunt said the Renewable Energy Target would not be scrapped, a group of energy experts will today discuss whether it should or should not be.

The recommendations of the inquiry into the Renewable Energy Target will be among the hot topics and policy challenges to be discussed by a group of energy experts in Brisbane.

Griffith University has joined AGL Energy for the latest in the Economic Policy Analysis Program series, which will run the rule over a broad range of energy-related topics.

"Governments throughout Australia are grappling with a number of significant energy policy challenges," EPAP director Dr Alex Robson said.

"At the state level, the Newman government is seeking to raise over $30 billion from a range of privatisation proposals, including the sale of power generators CS Energy and Stanwell and private equity injections into Energex, Ergon and Powerlink.

"At the federal level, the Abbott government is expected to soon respond to the RET inquiry recommendations. According to recent estimates, this is a policy that will cost the Australian economy up to $28 billion and 5000 jobs."

Electricity prices and the challenges ahead for the energy industry will also be discussed. - APN NEWSDESK

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