The Turnbull government’s ruling out of a power sector EIS shifts more of the national abatement task over to industry. Any more policy wind-backs will increase the size of that task.
Irrespective of who wins the next election, the 2016-19 parliament will play a key role in shaping Australia’s long-term climate policy framework.
Coalition spends $1.7 billion on Direct Action, but Australia’s emissions continue to rise because big polluters have snubbed scheme.
The third ERF auction, with $1.33B of the government’s $2.55B funding tranche available, could produce some interesting bidding strategies.
While we will officially meet our Kyoto target, Australian emissions will not fall to -5 per cent on 2000 levels by 2020.
The elevation of Malcom Turnbull has implications for Australian climate policy, particularly in the functioning of the Direct Action policy.
New report indicates that Australia’s long-term emissions reduction opportunities are much smaller than previously estimated.
Greenhouse gas emissions across Australia’s NEM have fallen to a ten year low thin demand and renewables squeeze out coal generation.