Latest News
• Add My News • Search Old News
Increasing Victoria’s Renewable Energy Target and Boosting JobsBenefits in an increase Victoria’s Renewable Energy Target (VRET) to 50 per cent by 2030. By Portal Admin - 16th December 2018 - Back to News A re-elected Andrews Labor Government will increase Victoria’s Renewable Energy Target (VRET) to 50 per cent by 2030, creating thousands of jobs, putting more energy into the grid, increasing investment and driving down energy prices.
This builds on Labor’s VRET legislation that will ensure that 25 per cent of our electricity generation comes from renewable sources by 2020, and 40 per cent by 2025. It’s expected that these targets will help deliver around $9 billion of investment and create more than 11,000 jobs over the life of the scheme.
As well as jobs, the VRET will put more energy into the grid, delivering up to 5,400MW of new, large scale renewable energy capacity by 2025.
The Liberals have promised to scrap the VRET, which would not only result in thousands of job losses and billions of dollars of investment that will never reach Victoria, it would also see higher energy prices.
In four short years, 732MW of new renewable energy capacity has been built, and more than 3,000MW of renewable capacity is under construction or contracted to be built.
Victoria’s first renewable energy auction is delivering 928MW of renewable energy, with the six projects across the state producing enough electricity to power 646,273 households – the equivalent of powering the towns of Ballarat, Bendigo, and Geelong combined.
The power produced by these projects is also expected to drive a 16 per cent reduction in Victoria’s electricity sector greenhouse gas emissions by 2034/35.
Boosting the VRET builds on the Government’s work to cut power bills for Victorians, from the $50 Power Saving Bonus, to subsidising solar panels and installing batteries or hot water systems on 720,000 houses across the state through the Solar Homes program – driving down energy prices and greenhouse gas emissions.
Jeff Kennett and the Liberals privatised Victoria’s power industry, promising competition would lead to cheaper electricity prices, but the only winners are the big energy companies making big profits while Victorians pay higher prices.
Only Labor is delivering new, clean energy, driving down energy prices for Victorian families and businesses.
Quotes attributable to Minister for Energy, Environment and Climate Change Lily D’Ambrosio
"Labor’s VRET has helped create a jobs boom and boosting it further will see even more jobs created across our state.
"The last Liberal Government smashed our renewable energy sector and the Liberals are promising to do it again by axing VRET if they’re given the chance."
"Only Labor will deliver our ambitious renewable energy targets, creating new jobs and investment for the future, and driving down power prices for Victorian families and businesses."
Quotes attributable to Member for Eastern Victoria Region, Harriet Shing
"We are absolutely determined to continue the positive investments we’ve made to increase the supply and availability of renewable energy, reduce the cost of living for owners and renters and create more local jobs in this huge growth industry"
Source: http://gippsland.com/ Published by: support@gippsland.com
Related Articles- Councils begin planning for renewable energy growth across Wellington and South Gippsland communities
Wellington and South Gippsland councils have begun a major renewable energy planning project, backed by $4.7 million, to prepare communities for future growth through housing, infrastructure, employment, services and economic development. - Gippsland Water reports progress on major projects, renewable energy and community engagement commitments
Gippsland Water’s 2026 Community Report highlights progress on major infrastructure projects, achieving 100 per cent renewable energy, emergency support initiatives and increased community engagement through its Sounding Board. - Nationals target Premier Ben Carroll over undelivered Latrobe Valley manufacturing jobs and broken election promises
The Nationals accused Premier Ben Carroll of failing to deliver 500 promised SEA Electric manufacturing jobs in Morwell, criticising Labor’s Latrobe Valley transition and economic record. - International partners visit Gippsland to explore energy diversification and regional development opportunities firsthand together
One Gippsland hosted European partners for a five-day Gippsland visit, exploring energy diversification, regional development, workforce opportunities, infrastructure, agriculture and collaboration between Australian and European regions. - Labor's trade record faces $46B deterioration as fuel dependence leaves Australia increasingly vulnerable to global disruptions
Australia’s trade position has deteriorated nearly $47 billion since 2022, with a $5.1 billion deficit. Fuel imports surged 42.5 per cent, exposing Australia’s growing dependence on overseas fuel supplies and refining. - Liberals and Nationals pledge to double prescribed burning and target five percent annual public land fuel reduction
The Liberals and Nationals pledge to double prescribed burning and work towards treating five per cent of public land annually, alongside cultural burning, improved transparency and targeted fuel reduction to strengthen bushfire preparedness. - Australia Post invests in Morwell parcel facility, boosting Latrobe City jobs, economic diversification and future growth opportunities
Australia Post has begun construction of a 10,000-square-metre parcel facility in Morwell, consolidating regional operations, supporting local jobs and strengthening Latrobe City’s economic diversification and investment opportunities. - Gippsland Water increases basin cover cleaning to annual schedule to protect drinking water quality across service area
Gippsland Water is increasing drinking water basin cover cleaning from every 18–24 months to annually, helping prevent damage, reduce contamination risks and protect water quality. - Latrobe City Council pushes for jobs, investment, housing and community safety during Victorian Parliament delegation
Latrobe City Council has urged Victorian leaders to back jobs, housing, investment, community safety, energy transition projects and infrastructure to strengthen long-term regional economic growth. - New Flight Test Command Centre opens at Latrobe Airport, boosting advanced aviation jobs, investment and innovation
A new Flight Test Range Command Centre at Latrobe Regional Airport has opened, supporting advanced aviation research, attracting investment, strengthening local businesses and creating new jobs across Gippsland. - East Gippsland Jobs Expo connects job seekers with employers, training providers and career opportunities across the region on 8 October 2026
East Gippsland Jobs Expo on October 8 will connect job seekers with employers, training providers and employment services, showcasing local career pathways and workforce opportunities across the region. - Flight Test Range Command Centre opens at Latrobe Airport, boosting Gippsland's drone and aerospace industries and economic diversification
A new Flight Test Range Command Centre at Latrobe Regional Airport will support drone and aerospace innovation, attract investment and create jobs across Gippsland's emerging Advanced Air Mobility sector. - Sealers Cove boardwalk reopens after five years, boosting Wilsons Promontory tourism ahead of September school holidays
Sealers Cove boardwalk at Wilsons Promontory has reopened after almost five years, following storm damage in 2021. Danny O’Brien says the restored route will benefit walkers, visitors and local tourism operators. - New Bairnsdale worker accommodation nears completion, boosting healthcare workforce capacity across East Gippsland communities
Bairnsdale new 28-apartment healthcare worker accommodation is nearing completion, providing affordable housing for up to 32 staff and strengthening regional health services while supporting local jobs and investment. - Palm Lake Resort Paynesville welcomes 100th resident, boosting East Gippsland’s retirement living and local economic growth
Palm Lake Resort Paynesville has welcomed its 100th resident, highlighting growing demand for retirement living and investment supporting local businesses and economic activity across East Gippsland.
|
|
