Green Party of Australia introduced a policy which could bring among others, a credit of AU 5 billion dollars for large scale projects of renewable energy.
Policy also included, a program to attract renewable energy use, a funding program, and a feed-in tariff all designed to help the country to achieve 100% use of energy from renewable sources.
"Australia can harness our tremendous resources of the sun, wind, ocean, earth and human ingenuity to replace our reliance on coal with 100% renewable energy within decades", said Australian Greens Deputy Leader, Senator Christine Milne, when she unveiled the plan.
Milne stressed the need for a strong strategic plan to achieve the goal to give up using coal.
According to the Greens website, the loan guarantee scheme would: • adopt the successful US Department of Energy model of providing 100% guarantee; • be open to emerging renewable energy technologies including baseload solar thermal with storage, geothermal, and ocean energy; • be available for projects larger than 100MW at a single site.
