Australia – 2018 update - Bioenergy policies and status of implementation - Country Reports

Renewable energy provided more than 16% of Australian electricity generation in 2016 with bioenergy contributing almost 10% to renewable generation (1.4% to total generation).2 The potential to increase the energy produced from biomass relies on different factors, including the feedstock and the resources available to produce bioenergy. [...] The Renewable Energy Target (RET) is an Australian Government scheme designed to reduce emissions of greenhouse gases in the electricity sector and encourage the additional generation of electricity from sustainable and renewable sources. [...] The revenue earned by the power station for the sale of LGCs is additional to that received for the sale of the electricity generated. [...] While it is possible for owners of renewable energy systems to create and sell the STCs themselves, in practice, installers of these systems usually offer a discount on the price of an installation, or a cash payment, in return for the right to create the STCs. [...] Source: - NSW Renewable Energy Action Plan In September 2013, the NSW Government released the NSW Renewable Energy Action Plan to guide NSW's renewable energy development and to support the former national target of 20% renewable energy by 2020.