Legislation to reduce the renewable energy target from 41,000 gigawatt hours to 33,000gWh has passed both houses of parliament. The Senate sat late on Tuesday to pass the bill.

Labor and the Coalition struck a deal on the target in May after a months-long standoff that the renewables industry said undermined investment.

Plans to review the RET every two years and to include the burning of native wood in the target proved to be sticking points for Labor in the negotiation of the deal. The government eventually dropped plans for biennial reviews. Read more