Energy minister Lily D’Ambrosio reveals renewable energy targets, saying investors have ‘lost faith’ in national target

The Victorian government has revealed renewable energy targets that would see 25% of the state’s electricity generated by renewable energy by 2020, saying investors have “lost faith” in the national target.

Ernst and Young and the Climate Council released a report on Wednesday that said 50% renewable electricity by 2030 would boost employment by almost 50% more than the current trajectory towards 34% renewables by 2030.

Related: Boost renewable energy target to 50% and get 28,000 extra jobs, says report

Related: Climate change: Victoria pledges zero net carbon emissions by 2050

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