Seven years after he launched a showing how Australia could re-power with 100% renewable energy by 2020, Malcolm Turnbull, now Prime Minister, has announced a 鈥淣ational Energy Guarantee鈥 (NEG) policy that will have no renewable energy target.
Clean Energy Target
Finally, the federal government has a policy for the electricity sector: the National Energy Guarantee. (NEG. Did it think this one through?)
It is, effectively, an emissions trading scheme applied to electricity. It is similar to other schemes 鈥 the Clean Energy Target (CET) and the Emissions Intensity Scheme (EIS) 鈥 supported by Labor.
Australia鈥檚 Chief Scientist Alan Finkel presented the , known as the Finkel Review, to the Council of Australian Governments (COAG) Leaders鈥 meeting on June 9.
The mainstream media has focused on one recommendation 鈥 a Clean Energy Target 鈥 and the Coalition鈥檚 reaction.