Renewable target subject to serious review: Abbott

In a Sky News interview yesterday, Tony Abbott stated that there would be a "serious review" of the Renewable Energy Target should the Coalition win government.

In response to questioning about the cost of the Renewable Energy Target, Mr Abbott said a review was needed as renewables were having an impact on power prices.

"There is going to be a serious review of this, should there be a change of government," he said

"Now we’ll wait for the review before deciding exactly what we’ll do. But I absolutely take your point that renewable energy is increasing the price of power."