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Renewable Energy Amendment (Increased Mandatory Renewable Energy Target) Bill 2008

Schedule 1 Amendment of the Renewable Energy (Electricity) Act 2000

   

1  Section 40

Repeal the section, substitute:

40   Required GWh of renewable source electricity

             (1)  The required GWh of renewable source electricity for a year is set out in the following table:

 

Required GWh of renewable source electricity

Year

GWh

2001

300

2002

1100

2003

1800

2004

2600

2005

3400

2006

4500

2007

5600

2008

6800

2009

8100

2010

9500

2011

11500

2012

13500

2013

16000

2014

19000

2015

22500

2016

26500

2017

31000

2018

35500

2019

40000

2020 and later years

45000

             (2)  The Minister must ensure that the figures in column 2 of the table in subsection (1) are reviewed each year and revised by legislative instrument, if necessary, to ensure that by 2020 at least 20% of electricity generated in Australia each year is derived from renewable sources.