On 4 September 2014, the Senate Economics Legislation Committee tabled its report and recommendations following review into the Australian Renewable Energy Agency Repeal Bill 2014 (the Bill).
The committee received 132 submissions from divergent interests including private sector organisations, industry associations, government, academia, students and individuals. One submission was confidential.
Of the 131 public submissions received, 128 were supportive of retaining ARENA and three were against retaining ARENA.
Four submissions had multiple signatures including three with more than 19 signatures. All four were from universities and all favoured retaining ARENA. The total number of signatories across all submissions was 367.
Six submissions suggested increasing ARENA’s funding and five suggested changing our mandate to extend to other technologies, policies or research and development.
In particular, the Business Council of Australia recommended expanding ARENA’s investment mandate to support the development of emerging low emission technologies (such as carbon capture and storage) and limiting the funds to an ongoing rolling fund of $100 million per annum.
Key findings, recurring themes, views on ARENA’s achievements and impact are represented below:
ARENA appreciates the effort stakeholders have made in preparing submissions and expressing their views.
The Australian Renewable Energy Agency (ARENA) was established on 1 July 2012 through the Australian Renewable Energy Act 2011 to improve the affordability and increase supply of renewable energy.
Read more about ARENA.
The Australian Government announced its intentions to abolish ARENA as part of the 2014-15 Budget. To give effect to this announcement the Government has introduced the Australian Renewable Energy Agency Repeal Bill 2014 into the Australian Parliament.
The Senate Economics Legislation Committee conducted an inquiry into the Bill and recommended the Senate support the passage of the Bill. Dissenting reports were tabled by Labor, the Australian Greens and Senator Nick Xenophon. All recommended retaining ARENA, with the Australian Greens supporting re-instating ARENA’s original funding profile pre the Clean Energy Legislation and Senator Xenophon recommending containing ARENA’s activities to non-wind related energy technologies and activities.
Report: Senate Economics Legislation Committee – Australian Renewable Energy Agency (Repeal) Bill 2014 – tabled 4 September
Following the tabling of the Senate Committee report, the Senate can now consider and vote on the Bill. A date for the Senate to consider the Bill is to be determined.