Malcolm Turnbull was expelled as prime minister of Australia last week as members of his own party pilloried him for his support of renewable energy. He had a few things to say on his way out the door.
August 10th is the day the Turnbull government has set for a new National Energy Guarantee to be agreed to by all of Australia’s states. Things aren’t going well. In the lead-up to Friday’s meeting, officials for the state of Queensland are saying they will reject the plan if their target of 50% renewables by 2030 is threatened by the NEG.
New research from Bloomberg New Energy Finance has confirmed the obvious need for national political ambition for a growing and robust renewable energy industry, but the current Turnbull Government is threatening Australia’s booming clean energy deployment.
Australian energy market experts have delivered a scathing appraisal of the Turnbull government’s National Energy Guarantee, describing it variously as a “pea and thimble trick”, a potentially “terrible outcome” for the renewable energy industry, and as a further extension of the Coalition’s faction-driven energy policy farce.
The Andrews Labor Government in Victoria, Australia, has successfully passed through the State’s Legislative Council its ambitious renewable energy target of 25% renewable energy by 2020 and 40% by 2025.
Originally published on RenewEconomy Leading energy industry analyst Bloomberg New Energy Finance says the federal government’s proposed National Energy Guarantee could deliver a 42% renewable energy share by 2030 – the same level forecast by the Finkel Review. The assessment is significant because the prospect of a 42% share of … [continued]
Australia’s Federal Government this week announced a new energy policy that walks away from introducing a post-2020 Clean Energy Target of 42% in favor of a National Energy Guarantee that puts the power of choice into the hands of the nation’s utilities.
