winner-only losers. All over the world, interest in the renewable energy sector is at a record high, with US$257 billion being pumped into it last year across the globe. Over the past decade, investors in Australia have chipped in around $18.5 billion of their own, with more than $3.5 billion in projects under construction. Large clean-energy projects supply enough clean energy for the equivalent of 2.1 million households. A further 1.5 million homes have solar panels or solar hot water . And there's potentially much more to come. Vested interests that want to see the target changed or removed have been making a big deal about its costs. But those costs make up only a small percentage of the average power bill-7% versus the 40% contributed by upgrading poles and wires. What's more, the costs of meeting the target are going down as renewable energy falls in price and government incentives to buy solar power are wound back. At the moment you're looking at less than $2 per week for an average household going towards renewable energy. In 2020 it will be about half that, provided the current Renewable Energy Target remains unchanged. That's a small price for tens of thousands of jobs, billions of dollars of investments and to protect us from the future impact of rising gas prices. While speculation about the future of the carbon price remains, the Renewable Energy Target has been one of the few investment-grade policies that Australia's electricity generators have been able to