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ARTICLE · 19 OCTOBER 2017

Is the Clean Energy Target dead or just resting?

McCullough Robertson
Explore more from McCullough Robertson

The Federal Government announced a new energy policy, the NEG, walking away from Finkel's proposed Clean Energy Target.

AustraliaEnergy and Natural Resources
Louise Horrocks
Louise Horrocks
John Kettle
John Kettle
Michael Roche
Michael Roche
Andrew Bukowski
Andrew Bukowski
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WHO SHOULD READ THIS

  • Current and potential participants in the Australian energy market.

THINGS YOU NEED TO KNOW

  • The Federal Government has announced a new energy policy, the NEG, walking away from Finkel's proposed Clean Energy Target.

WHAT YOU NEED TO DO

  • Consider your current and potential projects and assess if the window of opportunity for existing benefits can be utilised.

Yesterday the Federal Government announced its long awaited final response to the Finkel Energy Blueprint, rejecting the Chief Scientist's proposal for a nationwide Clean Energy Target.

As telegraphed in recent weeks, the Turnbull Government has walked away from a Clean Energy Target in favour of a National Energy Guarantee (NEG) which was apparently recommended by the (very new) Energy Security Board. The NEG is made up of two parts; a reliability guarantee and an emissions guarantee.

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