The Australian Government is increasing the Mandatory Renewable Energy Target to 45,000 GWh by 2020 - nearly a five-fold increase on the current target. This will provide an enormous stimulus to new renewable power projects in Australia as well as support the deployment of increasing amounts of solar hot water and PV systems. The Presentation will assess the options that the Government is considering for the expanded target including; level of interim targets, penalty levels, technologies covered as well as the phasing out of the scheme with the introduction of emissions trading. The Presentation will also consider the supply and demand for renewable energy certificates (RECs) and implications for prices and new investment across the different technology sectors.