Australia continues to lack an enduring and credible national climate and energy policy to reduce greenhouse gas pollution from the electricity sector.
The Federal Government proposed the National Energy Guarantee (NEG) after opposing the Finkel Review’s final outstanding recommendation for a Clean Energy Target. The NEG proposes two separate, disconnected policy mechanisms referred to as the “Emissions Guarantee” and “Reliability Guarantee.”
The Climate Council has found the federal government’s proposed NEG falls short when it comes to delivering reliable, affordable power while tackling climate change.
Until the release of the NEG Draft Design Consultation Paper on 15 February 2018 (COAG Energy Council 2018a), there was very little information available and negligible public engagement on the proposed NEG design. Following the release of the Consultation Paper, stakeholders were provided with a three-week window of opportunity to respond.
This briefing paper summarises key concerns from the Climate Council and raised by other stakeholders about the federal government’s proposed NEG.