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Clean Energy Targets welcomed by Bioenergy Australia

Bioenergy Australia welcomed the Finkel Report’s recommendation of a Clean Energy Target (CET), which it believes will create the market framework and investment opportunities for Australia to embrace renewable energy from bio-derived energy sources.

In a statement Bioenergy Australia, an information and networking forum fostering the use of biomass for energy and bio-based products has welcomed the Finkel Report’s recommendation of a Clean Energy Target (CET), which it believes will create the market framework and investment opportunities for Australia to embrace renewable energy from bio-derived energy sources.

Bioenergy has the potential to be the missing link and the broadest renewable energy source into the future. It is certainly time for Australia to embrace the potential for bioenergy to provide baseload electricity and help meet Australia’s emissions reduction target. Bioenergy is a unique renewable energy source that can be used across all three energy sectors and unlike other renewables, it is also dispatchable and flexible, said Dr Steve Schuck, CEO, Bioenergy Australia.

Bioenergy Australia also highlights that the Clean Energy Finance Corporation (CEFC), a statutory authority established by the Australian Government under the Clean Energy Finance Corporation Act 2012, has specifically created a fund of AU$100 million dedicated to bioenergy projects – the Australian Bioenergy Fund – in recognition of what the CEFC believes will be a significant role for bioenergy to contribute to renewable energy, biofuels and carbon emissions.

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