The federal government will help secure a reliable renewable energy future for the nation’s capital through the Renewable Energy Transformation Agreement (RETA).
Related article: ACT maps out all-electric future for nation’s capital
Through the RETA the Australian Government and the ACT Government have committed to collaborate across priority areas that support the national energy transformation.
These priorities include:
- acceleration of vehicle-to-grid, where EVs become mobile power banks
- electrification of complex buildings
- energy performance improvements, including electrification of private lower-income households and public and community housing
- co-designing a policy challenge through the ACT’s Energy Innovation Fund in a priority area for the ACT and the national energy transformation.
This will bolster work underway to electrify homes and businesses across the ACT and open new pathways to support reaching 82% renewable electricity nationally by 2030.
The agreement with the ACT is the third to be signed, following agreements with South Australia and Western Australia announced in July 2024.
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The ACT is committed to net zero emissions by 2045 and is following the ACT Climate Change Strategy to help cut emissions by 50 to 60% (from 1990 levels) by 2025.
