the mrets is deadish, long live sret and lret

http://www.smh.com.au/business/senate-nod-set-to-spark-renewable-energy-industry-20100623-yyrq.html

So a rubber stamp by the Reps in Canberra and the SRET (Small renewables energy target) is in from 1 January 2011.

Excessive carbon credit generation will result in a bring forward of future years credits (possible early end of RET schemes if takeup is large?)

SRETs multiplier value will be reviewed from next year if PV panel prices drop markedly (which they will as per my magnificent earlier post).

I feel all green, fuzzy and warm. Oh, no, that is the carbon plantation I was working in today.