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30 reasons to question the National Energy Guarantee. And it’s not just politics
The Coalition’s proposed National Energy Guarantee is not a policy at all, just the idea of one. And attractive as it may be on a notional level, it is a long way short of being “workable” or even remotely effective. Here are 30 reasons why it should be approached with caution. -
BNEF says NEG could deliver 42% renewables by 2030, same as Finkel
BNEF say new Coalition plan could see 42% renewables by 2030, the same as Finkel. But rooftop solar will account for most new installations, and large-scale wind and solar could be sidelined by coal extensions. Still, BNEF describe it as innovative and elegant. -
The no-name policy with little chance of reducing power prices
The runway to strong emission reductions at an affordable price is at risk of being thrown away under the Coaliton’s new policy, which could require retailers to buy the output from its own expensive Snowy Hydro project. The energy mafia would approve.
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