The political opponents of the plan to scrap the RET claim that the amount of jobs lost from the closure in addition to the amount of jobs lost in the industry as a whole are far too great:
“Analysis released by the Clean Energy Council on Monday showed that $15bn in investment would be lost if the RET was cut. The NSW economy would be worst off among the states, according to the analysis, losing $4bn, while Victoria would lose out on nearly $1bn. Queensland leads the way in terms of clean energy employment, with 4,600 jobs in solar power and more than 6,500 across the state’s renewable energy sector” (theguardian.com)
What is most likely to happen is a compromise somewhere in the middle to scale back the functionality of the RET to please proponents of the scrapping plan without getting rid of the plant in its entirety. In this manner, the Australian government can ensure the longevity and stability of this industry along with the jobs that keep it running. The renewable sector is an important asset to the Australian economy as they have big plans to rely heavily on wind and solar power by the year 2020.