Carbon and Energy Markets has identified numerous problems with the National Energy Guarantee
The Australian Conservation Foundation (ACF) commissioned economic and energy consultancy Carbon and Energy Markets’, Bruce Mountain, to provide an expert briefing on the Australian Government’s National Energy Guarantee (NEG). The issues identified include:
ACF Climate Campaigner, Suzanne Harter, said: “This expert analysis confirms that the NEG as proposed is bad policy. It will reward dirty polluters, reduce investment in clean energy, and create enormous costs and complexity without delivering the reductions in climate pollution.
“Under the proposed NEG, the electricity sector will not do its fair share to reduce climate pollution across the economy. That will place a greater burden on other sectors, such as transport and agriculture. The NEG will fail to deliver what Australia needs: an energy policy that will facilitate our transition from dirty, dangerous coal power, to clean energy.”
A copy of the report can be downloaded here.