RET threat: SA to lose $3b if renewable energy scheme scrapped
South Australia stands to lose almost $3 billion of investment if Tony Abbott dumps the Renewable Energy Target, says SA Greens Senator Penny Wright.
New figures compiled by Senator Wright show South Australia will suffer more than any other state if the popular RET is scrapped.
“South Australia cannot afford to lose the RET,” Senator Wright said. “If the RET goes, $2.9 billion of investments in clean energy will go overseas instead.