Policy Briefing: The LRET and the Australian Carbon Price

This brief, prepared by RepuTex and commissioned by WWF-Australia, examines the relationship between the Australian carbon price trajectory and renewable energy generation. The examination is based on modelling the impact on renewable energy generation should a price and limit on carbon pollution, referred to here as the Australian Carbon Price Mechanism (CPM), be repealed.

Key findings include:

• The Carbon Pricing Mechanism (CPM) and the Large-scale Renewable Energy Target (LRET) are complementary market mechanisms that together support Australia’s transition to a low carbon economy.
• With the CPM in place, the long-run cost of wind energy in the National Electricity