Climate and Energy Policies – Liberal/National versus Labor
Libs v Labor: climate and energy policies, https://www.sbs.com.au/news/libs-v-labor-climate-and-energy-policies
A comparison of the climate and energy policies of the Morrison government and the Labor Party.
Liberal-Nationals
– $2 billion boost to the Emissions Reduction Fund over 10 years, rebranded as the Climate Solutions Fund.
– The Paris agreement target for emissions of 26 to 28 per cent below 2005 levels by 2030.
– Continuing to fund the Australian Renewable Energy Agency until 2022, and investing what’s left of the $10 billion Clean Energy Finance Corporation.
– Default market prices for energy.
– Underwriting new generation plan to inject more energy into the network.
Labor
– $10 billion for the Clean Energy Finance Corporation over five years.
– $5 billion to set up an independent Energy Security and Modernisation Fund.
– $31 million for an Energy Productivity Agenda.
45 per cent emissions reduction target by 2030.
– 50 per cent of power from renewables by 2030.
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