Labor to drop renewable energy target in favour of emissions scheme

RET will come to a natural end as emissions intensity scheme can reach goal of 50% renewable energy by 2030, says Andrew Leigh

Labor will abandon the renewable energy target after 2020 because an emissions intensity scheme will be sufficient to reach the goal of 50% renewable energy by 2030, Andrew Leigh has said.

On Sky News on Sunday the shadow assistant treasurer firmed the opposition's plan to reach the 50% goal without a hard target in comments that appeared to rule out extending the existing renewable energy target (RET).