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The federal government has unveiled its long-awaited energy policy, ditching the Clean Energy Target recommended by the Finkel review and requiring electricity retailers to source a certain portion of energy from baseload power sources such as coal and gas.
While the government claims the new National Energy Guarantee will reduce carbon emissions, lower electricity prices and provide energy security, it provided few details of how the NEG will meet those requirements. Chief scientist Alan Finkel cautiously endorsed the new policy, saying “there’s always more than one way to skin a cat”, but Greens leader Richard Di Natale and several Labor Premiers have already come out strongly against it …
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Alex McKinnon, The Saturday Paper
