Renewable Energy Target (RET)

The Renewable Energy Target (RET) is an Australian government policy aimed at increasing the use of clean energy sources, like wind and solar, in the country’s electricity supply. It sets specific goals to encourage investment in renewable power, reduce greenhouse gas emissions, and promote energy sustainability. Businesses can earn certificates for generating clean energy, which can then be sold to companies that need to meet renewable energy commitments. Overall, the RET helps transition Australia toward a greener, more sustainable energy system while supporting economic growth in renewable industries.