Big business calls for changes to Renewable Energy Target

By Heath Aston
Updated July 24 2014 - 3:14pm, first published 1:48pm
The research, sponsored by big business and the mining industry, found every household will pay an extra $49 a year on electricity bills as a result of the RET. Photo: Jessica Shapiro
The research, sponsored by big business and the mining industry, found every household will pay an extra $49 a year on electricity bills as a result of the RET. Photo: Jessica Shapiro

Australia's 20 per cent renewable energy target should be abolished - or at very least wound back - according to big business, which has unveiled research showing the target will cost the economy $29 billion and 5000 jobs by 2020.