Media Contact
Carl Kitchen 0401 691 342
Mar 23 2016

Clean Energy Fund welcomed but broader policies needed for energy

The reliable and affordable decarbonisation of Australia’s energy system will need to be underpinned by a comprehensive and durable national policy framework that is broader than more funding for clean energy technologies, the energy industry said today.

The Federal Government today announced a $1 billion Clean Energy Innovation Fund to support emerging technologies transition to commercial deployment.

Australian Energy Council, Chief Executive, Matthew Warren said while the Government’s support for clean energy investment was welcomed, the challenge of delivering a reliable, affordable and low emissions energy system was broader than new sources of clean energy funding.

“Since 2009 we have seen the introduction of a range of support measures for clean energy, including the Renewable Energy Target, the Australian Renewable Energy Agency, the Clean Energy Finance Corporation, state and national subsidies, feed-in tariffs and power purchasing agreements,” Mr Warren said.

“Despite all these support measures, clean energy investment in Australia is slowing, not increasing.

“The last decade has seen large volumes of renewables added to the energy mix with a material reduction in the greenhouse intensity of electricity supply. As renewables increase in scale they pose new market challenges which we are still yet to solve.

“Current clean energy technologies are different to conventional power stations.  Renewables require back up when clean energy, from wind and the sun, is not available. Pushing more renewables into the market without a clearly thought through transition plan creates the increased reliability risks we are now seeing in places like South Australia.

“We need to address these broader energy market issues urgently.  We do not want the transformation of the energy system to be undermined by compromised reliability or unnecessary price increases.”


About the Australian Energy Council

The Council represents 22 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.

Related News


The cool winds of change

Energy Networks Australia (ENA) and the Australian Energy Council (AEC) have released a fact sheet explaining how the energy sector prepares for summer's extreme weather.

Jan 07 2022

Australian Energy Council backs economy-wide 55% emissions cut by 2035

The Australian Energy Council, the peak body for Australia's electricity generators and retailers, is today announcing support for an economy-wide emissions reduction target of 55% on 2005 levels by 2035.

Dec 16 2021

Australian Energy Council surging to a low-carbon future

Published in The Australian, 16 December 2021 By Sarah McNamara, Chief Executive, Australian Energy Council In mid-2020, the Australian Energy Council supported adoption of a Net Zero by 2050 target for Australia.

Dec 16 2021
Do you have a question or comment for AEC?

Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.

Call Us
+61 (3) 9205 3100