What was the aim of Australia's renewable energy target established for 2020?

The aim of Australia's renewable energy target established for 2020 was to source 20% of electricity from renewable sources. This target was part of a broader strategy to promote the development of renewable energy technologies, reduce greenhouse gas emissions, and enhance energy security. By setting a specific percentage target, the policy aimed to encourage investment in renewables such as solar, wind, and hydroelectric power, helping to transition Australia's energy sector toward more sustainable practices.

Achieving this target was significant for Australia, which has substantial renewable resources, and represented a commitment to reducing reliance on fossil fuels and addressing climate change. Setting a clear and ambitious goal like sourcing 20% from renewables not only incentivized the industry but also aligned with international trends towards cleaner energy solutions.