PLEA Network

18 December 2018, Renew Economy, Coalition has an energy vision: No more renewables, or emission cuts, before 2030. The Coalition government has effectively confirmed what is already suspected – that it expects no further investment in large scale renewables, and no more significant emissions cuts – from 2022 all the way through to 2030, should it stay in power. The admission came in a press release from the energy minister and accompanying data from the government’s Emissions Projections 2018 Report, which is due out later this week. Energy minister Angus Taylor said it showed that emissions from electricity generation in the National Electricity Market (NEM) – which covers most states apart from W.A. and the Northern Territory –  will fall to 26 per cent below 2005 levels by 2022. “This means emissions in the NEM will drop to levels consistent with Australia’s Paris target eight years ahead of time,” Taylor said in a statement. Taylor noted that much of the decline will be driven by an increase in renewable energy, a direct result of the Renewable Energy Target, the mechanism that that the Abbott government tried to kill back in 2015, along with the carbon price, and only succeeded in reducing. But a 26 per cent reduction in emissions from the electricity sector, apparently, is enough – notwithstanding the recent IPCC report, the latest Bureau of Meteorology warnings, and the lack of any policy detail about how the rest of the economy can reach its share of the 26-28 per cent reductions that Australia signed up for in Paris. An excerpt from the report included by Taylor’s office shows that it expects emissions from the electricity sector remaining “relatively stable” from 2021 through to 2030. Read More here