You’d think they’d be grateful: Malcolm Turnbull and Josh Frydenberg went to the effort of designing a climate and energy policy that does nothing, and Tony Abbott and friends are still complaining that it does too much.
Small-scale solar systems installed by Australian homes and businesses have passed the three million-mark, with one in five homes now generating their own power.
AEMO says record rollout of wind and solar has eased the dependence on gas, freeing up more supplies and reducing prices.
Report forecasts moderate policy intervention could see EV sales at 615,000 a year by 2030, put EVs at 90% of cars on roads by 2050.
NEG’s low-ball target for electricity means burden falls on other sectors, and makes no economic or engineering sense.
Here are five ways the the NEG will penalise consumers, particularly those with rooftop solar. If it all sounds like it can’t possibly be true, it is. But it can be fixed.
Coalition seeks to make it harder for any future government to change low-ball emissions targets, and removes option for changes with 5-years notice.
Genex offered $516 million loan from Northern Australian Infrastructure Facility for world-leading solar and pumped hydro storage project.
Australia’s coal-fired generation capacity could be little more than a twinkle in Tony Abbott’s eye by as early as 2050, when renewables are forecast to provide 92 per cent of the country’s electricity.
UNSW academics compare campaign against wind and solar and high renewable energy scenarios led by pro-nuclear lobbyists to efforts by the tobacco industry to sow fear and uncertainty and delay action.
The NEG does nothing. It won’t lower prices, it won’t reduce the large gentailer influence, it won’t bring about new investment. In short, it’s fraud as far as policy goes.
