The federal government has floated the idea of underwriting new coal-fired electricity generation in a bid to keep power prices low. But doing so would be a defiance of economic and environmental reality.
Meanwhile, underlining that next week will see a tough internal debate, Liberal backbencher Tony Pasin has contradicted Malcolm Turnbull’s statement that the NEG had already been endorsed by the party room.
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.