Deal, set to be agreed to by cabinet, will pave way for bipartisan agreement to break Australia’s renewable energy investment drought
Federal cabinet is set to agree to a compromise deal on the renewable energy target on Thursday, paving the way for a bipartisan agreement to break the investment drought caused by a year-long political deadlock.
But long months of political haggling and the reduced quantity of renewable energy required under the compromise policy mean its biggest beneficiary is likely to be windfarms – which are bitterly opposed by some Coalition MPs and which treasurer Joe Hockey once said he found “utterly offensive”.