Labor welcomes the Abbott Government's belated rejection of the damaging key recommendations of the Warburton Review of the Renewable Energy Target. 

Tony Abbott's hand-picked panel found the RET was driving investment, holding down household power prices, creating jobs in the renewable energy sector and reducing carbon pollution. Yet, still the Review Panel recommended scrapping or significantly winding back the RET.

"Tony Abbott's interference with the RET has seen billions in international investment stalled and put thousands of jobs at risk," Acting Shadow Minister for Climate Change Kate Ellis said.

"A review of the RET was due to be conducted by the independent Climate Change Authority, not Tony Abbott's chosen climate sceptic, Dick Warburton.

"This whole process has wreaked havoc on the renewable energy industry and the Government now needs to return to the bipartisanship that saw this industry prosper.

“Don’t be fooled into thinking the Abbott Government suddenly appreciates the benefits of renewable energy though – its Treasurer, Joe Hockey, still claims wind farms are a ‘blight on the landscape’,” Ms Ellis said.

Labor has commenced discussions with the Government to ensure Australia’s renewable energy remains strong. Labor will not be part of any arrangement that risks jobs and investment.