State energy ministers meet this week to discuss the National Energy Guarantee. While the policy has been criticised as too modest, it would put us light years ahead of the previous climate policy paralysis.
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The National Energy Guarantee proposal seems geared towards locking in the status quo rather than driving the much-needed energy transition.
The Finkel Review looks likely to recommend a “low emissions target”, which would award credits to cleaner energy sources, much like the current Renewable Energy Target.
The current domestic gas crisis will pass. But if the industry wants to surpass coal and fulfil its role as a ‘transition fuel’, it should lobby for a carbon price to help it on its way.
Top contributors
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Professor, Crawford School of Public Policy and Director, Centre for Climate and Energy Policy, Australian National University
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Emeritus Professor of Sociology, Australian National University
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Research Manager, Crawford School of Public Policy, Australian National University
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Energy Fellow, Grattan Institute