2 June 2015
Australia is poised to set a target of 33,000 gigawatt hours of power to be generated by renewable energy by 2020 following a compromise deal worked out between the government (which argued for a lower target) and the opposition.
Although favouring a higher target, the renewable energy sector has welcomed the deal, saying it clears the way for billions of dollars of investment in energy from sources like the wind and the Sun.
Further encouraging news on the potential of renewable energy sources to replace power generation through the burning of fossil-fuels was revealed in a World Wildlife Fund report produced in collaboration with the Australian National University which argued that Australia could source 100% of its power from renewables by 2050.
The recent launch of the Tesla Powerwall, a wall-mounted lithium-ion electric battery for homes and small businesses, is also seen by many as providing a glimpse of the future and the changing electricity marketplace.
Meanwhile multi-faith groups in Australia and North America have sent a letter to the pope asking him to back a campaign to encourage millions of people, organisations and investors to pull their money out of the fossil fuel industry saying it is "immoral" to profit from fossil fuels. The letter was signed by Australian Religious Response to Climate Change (ARRCC) and US-based GreenFaith.