Via The Guardian:
Josh Frydenberg has offered an olive branch on the national energy guarantee, telling state energy ministers the emissions reduction target can be reviewed after five years – stepping back from an ambit claim that it be locked in for a decade.
The concession is flagged in a commonwealth paper circulated to the states late on Tuesday night. It sets out the Turnbull’s government’s position on how emissions reduction in the Neg will work.
It doesn’t work. It’s emissions targets are already met. All it does is guarantee missing Paris targets, subsidise coal, add inflexibility to further targets, add complexity and costs, embed an oligopoly and lift prices.
It is classic Coalition energy garbage policy that will prevent the market (which they appear to have never heard of) from delivering a lower cost, lower emissions energy revolution that is right on our doorstep:
The absurd NEG is now the only thing keeping the climate wars alive.
Trash it.
