The Economics of the Mandatory Renewable Energy Target (MRET)

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英文文献：The Economics of the Mandatory Renewable Energy Target (MRET)
英文文献作者：del Mundo, Israel,Wills, Ian R.
英文文献摘要：
In response to increasing awareness of climate change, the Howard government implemented the Mandatory Renewable Energy Target (MRET) in 2001. It requires electricity wholesalers to source an additional 9500 GWh of electricity from renewable sources by 2010. Electricity wholesalers are required to subsidise renewable energy generators by purchasing Renewable Energy Certificates (RECs) equivalent to the target; failure to do so incurs a penalty of $40 per megawatt. Economic analysis is used to investigate the design and likely operation and limitations of the MRET.

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