If the Abbott Government adopts the recommendations, it could result in financial damage to over $10 billion worth of investments already made and put 21,000 jobs at risk, according to the Clean Energy Council (CEC).

The report from the review panel, led by Dick Warburton, recommended several scenarios each for large-scale renewable energy such as solar and wind farms, and household systems such as solar power and solar hot water.

CEC Acting Chief Executive Kane Thornton said, “It is inconceivable that the review could objectively recommend slashing the Renewable Energy Target (RET) when its own econom...