Renewable energy target scheme report of the expert panel

An examination of the operation, costs and benefits of the RET, including the economic, environmental and social impacts, the extent to which the objectives of the scheme are being met and the interaction of the RET with other Commonwealth and state and territory policies. Introduction The Review of the Renewable Energy Target (RET) scheme was jointly announced by the Hon Ian Macfarlane MP, the Minister for Industry, and the Hon Greg Hunt MP, the Minister for the Environment, on 17 February 2014. The Terms of Reference state that the review is to examine the operation, costs and benefits of the RET scheme including the economic, environmental and social impacts, the extent to which the objectives of the scheme are being met and the interaction of the RET with other Australian Government and state and territory government policies. The review is to provide advice on whether the objectives of the RET scheme are still appropriate and the range of options available for reducing its impact on electricity prices