The Government announced its National Energy Target yesterday. We still have plenty of detail to come.
I agree with David Blowers who says how-the-national-energy-guarantee-could-work-better-than-a-clean-energy-target.
Has Turnbull and Frydenburg given us a clean energy target through other means.
I totally agree when Blowers states 'The National Energy Guarantee is not the best policy solution. A carbon price imposed on electricity generators may have avoided the need for either of the two “guarantees” contained in the NEG. But the political reality is that a carbon price of any sort is not going to be adopted in Australia any time soon. '
A price of carbon is easily the best solution. This was recognised by John Howard way back in 2007.It means coal is no longer subsidised by consumers because their externalities are NOT internalised.
People who believe in markets would support such a solution. It is a great pity this no longer exists in the Liberal party. It has of course rarely existed in the National party.
update:
John Quiggin
Alan Pears et al
Frank Jotzo and Salim Mazouz
I should add please note that john shows how different dispatchable power is to base load power. Abbott will be furious.
Also note the ALP have NOT said they will oppose this. I doubt if they will. They will make much of no modelling at all but we might just might have a bi-partisan policy here. Thanks you Malcolm.
Further Update.
The benefits of cap and trade are larger than once thought
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