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Solar panel systems and battery storage could save the Federal Government $4 billion, according to the Australian Energy Market Operator.
The Australian Competition and Consumer Commission (ACCC) wants to remove solar energy incentives, effectively increasing the future solar panel installation cost.
A report released by the ACCC last week expressed concern over the high cost of electricity in Australia, stating:
Australia’s opportunity to become an international anchor point in the $213 billion (and growing) new-era global battery market could be derailed by proposed Federal Government changes to research and development (R&D) funding slated in its latest Budget.
New research from UTS Institute of Sustainable Futures (ISF) and superannuation funds manager Future Super has found that 7.7% of Australia’s retirement savings could fund 100% renewable power by 2030.
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