Australian news, and some related international items

Labor to adopt Malcolm Turnbull’s National Energy Guarantee (NEG), and promote renewable energy – bigtime

Bill Shorten to adopt Malcolm Turnbull’s energy policy, pledges to throw billions at renewables, ABC 21 Nov 18 By political editor Andrew Probyn and political reporter Melissa Clarke Australian households will be offered federal rebates to install solar storage batteries under a federal Labor energy policy that will also direct billions of taxpayer dollars at solar, wind and hydro projects.

Key points:

  • Labor to adopt Malcolm Turnbull’s National Energy Guarantee (NEG)
  • Rebates for households and businesses to install batteries if Labor wins election
  • Pledge of $10 billion for Clean Energy Finance Corporation

With climate and energy expected to be subjects of fierce battle ahead of the election next year, Opposition Leader Bill Shorten will unveil Labor’s long-awaited policy today.

The ABC understands Mr Shorten will formally adopt former prime minister Malcolm Turnbull’s ill-fated National Energy Guarantee (NEG) as Labor policy.

Though Mr Shorten is likely to frame ALP adoption of the NEG as an attempt to find common ground with the Coalition on energy and climate change, it will also serve to give Labor political cover against Coalition attack.

The NEG, which was enthusiastically backed by then-energy minister and current Treasurer Josh Frydenberg, was twice supported by the Liberal party room but was dropped in August after some Coalition conservatives continued agitating against the policy.

“We remain committed to a bipartisan solution, if that is possible,” Shadow Energy Minister Mark Butler told AM.

“But we’re not going to wait for this Government.

“We’re willing to work with them, but we’re not willing to wait for them.”

Mr Shorten will recommit a Labor Government to a 45 per cent emissions reduction target by 2030, based on 2005 levels.

He will promise massive spending on renewable energy projects, with the Clean Energy Finance Corporation (CEFC) to have its funding topped up to $10 billion………..


November 22, 2018 - Posted by | AUSTRALIA - NATIONAL, energy, politics

1 Comment »

  1. Reblogged this on jpratt27 and commented:
    Good news but Labor still needs to stop Adani

    Comment by John | November 22, 2018 | Reply

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