14 December 2015. It is interesting to see a ‘deal’ has been agreed on at the U.N. climate change talks in Paris yesterday. The agreement sees 193 countries coming together to tackle climate change and most importantly, in our view, agree to firm targets, the main one being to keep temperatures  “well below 2°C above pre-industrial levels” and most importantly,”to pursue efforts to limit the global average temperature increase to 1.5°C above pre-industrial levels”.

From a solar perspective, we would expect to see a significant boost in research and development and investment in solar technology including commercialisation of technologies designed to increase solar panel efficiency, rolling out out medium and large scale solar farms and, in the case of Adelaide and Australia generally, a move back to a promotion of residential solar as an ‘adjunct’ to larger scale greenhouse gas reduction programs. As for specific Turnbull Government incentives for the solar industry we await to see what, if any, changes will be made to existing schemes. We will continue monitoring the situation.

Further Reading On Paris Climate Talks: United_Nations_Climate_Change_Conference