Part 6/9:
Australia’s federal government aims for an ambitious target: 82% renewable energy by 2030. However, experts warn that the nation is falling behind. As of now, no new wind farms have been constructed this year, and figures from former Climate Adviser Ross Gano suggest the country risks significantly missing its renewable capacity goals due to a lack of investment and private sector engagement. To address this, Energy Minister Chris Bowen announced plans to boost investment schemes by 25%. Yet, critics like Michael Costa remain skeptical, arguing that pouring taxpayer dollars into uneconomical projects will not bridge the investment gap nor achieve the targets.