TMEC Media Release: Urgent Resolution Required to End RET Crisis

The Tasmanian Minerals and Energy Council (TMEC) have urged politicians of all persuasions to urgently resolve the current impasse on the Renewable Energy Target (RET).


“The position of all parties is now so close that resolution of this protracted crisis should be possible – for the sake of all industries.” said TMEC President, Ray Mostogl.

“The Federal Government’s position has moved from 26,000 GWh to 32,000 GWh; this week the Australian Labor Party has announced its position of 33,500 GWh and independent Senators are supporting something in that range.

To continue to leave the fate of all industries up in the air when the difference between all sides of politics is so small is harmful to investment in growth and job opportunities.”

A deal on RET would include a 100% exemption for all Emissions Intense Trade Exposed (EITE) industries including Tasmania’s largest industries which support around ten thousand direct and indirect manufacturing jobs in Tasmania.

“Despite operating on predominantly renewable power, these Tasmanian businesses receive no benefit for this under the RET and the cost to our industries is around $20 million per year”. said Mr Mostogl.