Victoria: There is no NEG

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The truth comes out:

Victorian Energy Minister Lily D’Ambrosio says the state will not sign up to Malcolm Turnbull’s signature energy policy tomorrow, demanding more information before the Andrews government makes a final decision by August.

…Ms D’Ambrosio said Victoria was engaged in the policy but wanted a more detailed design of the NEG, demanding states’ own renewable energy targets need to be honoured under any agreement.

“The Energy Security Board themselves has made it very clear in their document that more detailed work needs to be done, so we are not going to be signing up to anything sight unseen,” Ms D’Ambrosio told ABC radio.

…“There are some threshold issues, importantly, we need not just Josh Frydenberg’s personal say-so that states’ targets on emissions and renewables that are more ambitious need to be honoured in any solution going forward.

Caaaarn Victoria, sign up!

This on-the-run debate for a policy without substance is the ideal solution to our energy and end-of-civilisation threats.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.