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Aluminium sector urges Government and Labor to end RET crisis

10 March, 2015

The Australian Aluminium Council has called on the Australian Government and Australian Labor Party to resolve the Renewable Energy Target (RET) crisis, and provide much needed certainty to both the Australian renewable energy and aluminium sectors.

Media reports suggest the possibility of a deal which would resolve the current impasse and provide a certain foundation for increased investment in renewable energy, as well as reduced costs for trade exposed industries such as aluminium smelting.

Both parties must resist the calls coming from some quarters to hold out for their 'perfect outcome' –  if a deal is not negotiated and closed before Easter, the situation will worsen significantly for all industries, according to the council. "The outcome of the deal on offer is preferable to the serious risks imposed by a continued stalemate," it asserted in a statement.

"The Australian Aluminium Council believes a balanced approach to resolving the current impasse is possible and urges the Australian Labor Party to consider the deal put forward by the Government as quickly as possible.  The future of Australia's vital industries is at stake."

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