Role of Australia's Government Renewable Energy and Sustainable Development

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Table of Contents Introduction 1 II- Rationale: Renewable energy and sustainable development 2 III- Why Australian Government should lead the initiative? 4 IV- Governmental initiatives 6 V- Supply side interventions: Rebates and feed-in tariffs 8 VI- Conclusion 10 Bibliography 11 Introduction Renewable energy is derived from sources that are naturally replenish-able and supply of energy from these sources is infinite. The main purposes served by using renewable energy are many such as generation of power, transport fuel production, and for heating of houses and other living places. Except the naturally occurring main difference of supply source between renewable and non-renewable energy, there are several industry related differences as well. Usability of renewable energy, level of Greenhouse Gas (GHG) emissions, cost of generating energy, and the phase from renewable energy production is passing through, all these industry related aspects for both renewable and non-renewable energy are different. Due to the environmental and socioeconomic benefits that renewable sources (RES) provide, renewable energy is considered as most important source of Sustainable Development SD.The main forms of renewable energy are solar energy, wind energy, hydrocarbon energy, thermal energy, and sea-tidal energy. Since renewable energy industry is still in its early phase of development, it is appropriate to identify key stakeholders of industry's development. This paper will be

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