Australian news, and some related international items

Josh Frydenberg predicts ‘big battles’ within Coalition after Finkel review

Energy minister says market needs signal to kickstart new investment in thermal generation to help stabilise the grid, Guardian, Katharine Murphy, 31 May 17, The energy minister, Josh Frydenberg, says the looming Finkel review will recommend a new policy signal driving investment in a “broad suite of generation capacity”, which, if implemented, will restore confidence in Australia’s electricity sector.

But he also foreshadowed a hard road ahead. Referencing the climate wars of the past decade, noting that energy policy had “destroyed two prime ministers and one opposition leader”, Frydenberg predicted “big battles” both within the Coalition – and potentially within Labor – and externally with stakeholders, as the government seeks to land a new policy.

Frydenberg told an economic thinktank in Canberra on Wednesday the final Finkel review, which will be presented to the Council of Australian Governments next Friday, would help “land some sort of position to create that signal for investment in a broad suite of generation capacity”…….

Frydenberg’s comments are consistent with a widespread expectation among key industry groups that the chief scientist will use his looming report to recommend the government adopt a new low-emissions target, which would work in practice as a technology-neutral renewable energy target (RET)……

June 2, 2017 - Posted by | General News

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