Australia’s chief scientist says a new clean energy target will deliver lower power prices to consumers than the status quo, but his report also models a scheme with a low target for emissions reduction from the electricity sector.
In his much anticipated review of the national electricity market, Alan Finkel has examined a scheme with an emissions reduction target of 28% on 2005 levels by 2030, rather than the reductions of 60% that some experts say would be necessary for Australia to meet its whole-of-economy pollution reduction target under the Paris climate accord.
Finkel’s report, given to the Turnbull government and the premiers on Friday, says the clean energy target (CET) modelled by the review would result in lower residential and industrial electricity prices than leaving policy settings unchanged …
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Guardian
