A mandatory renewable energy target is a government legislated requirement on electricity retailers to source specific proportions of total electricity sales from renewable energy sources according to a fixed timeframe. The additional cost is distributed across most customers by increases in other tariffs. The cost of this measure is therefore not funded by government budgets, except for costs of establishing and monitoring the scheme and any audit and enforcement actions.
At least 66 countries, including 27 EU countries have renewable energy policy targets of some type. The EU baseline target is 20% by 2020. While the USA does not have a national RET, 29 of its states do. Similarly Canada has 9 provincial RETs but no national target. Targets are typically for shares of electricity production, but some are defined as by primary energy supply, installed capacity or otherwise. While some targets are based on 2010-12, many are now for 2020 which ties in with the IPCC suggested greenhouse gas emission cuts of 25 to 40% by Annex I countries by 2020, although some are for 2025.
... The Federal Government MRET will ensure renewable energy obtains a 20% share of electricity supply in Australia by 2020 ... retailers or industrial operations) to purchase Renewable Energy Certificates (RECs), created through the generation of electricity from renewable sources ...
... Energy portal Renewable energy portal Environment portal REN21 Centre for Energy and Environmental Markets Clean Energy Future Group Greenhouse Mafia Greenhouse Solutions with Sustainable ...
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