In the short-term the capacity and investments may be short of what is required to meet the annual targets, but if progress is being made to the larger target then the scheme is succeeding," Mr Bhavnagri said. Australian analysts predict that the country is currently at risk of missing its 2020 renewable energy targets, and if it does, consumers will be forced to foot the bill for penalties. This month is being viewed as a “make or break” year for achieving emissions reductions targets, which aim to deliver approximately 23% of Victoria ’s energy from clean sources such as wind and solar.
Australian analysts predict that the country is currently at risk of missing its 2020 renewable energy targets, and if it does, consumers will be forced to foot the bill for penalties. This month is being viewed as a “make or break” year for achieving emissions reductions targets, which aim to deliver approximately 23% of Victoria ’s energy from clean sources such as wind and solar.