US EditionEnergy Giants Back Net Zero as Coalition Reignites Climate War
The Nationals secured a slower emissions reduction plan tied to OECD averages, maintaining fossil fuels longer to protect economic interests, after the Liberals dropped the net zero mandate.
- On Thursday the Coalition unveiled a new energy policy that dumped the net zero target, with Liberal and National MPs signing off on shared principles after three senior leaders reconciled policies this week.
- Last week internal pressure from Nationals leader David Littleproud led the Liberals to accept slower emissions cuts tied to OECD averages and short-term boosts to fossil-fuel production.
- Liberal leader Sussan Ley and Nationals leader David Littleproud will remove emissions considerations from the Australian Energy Market Operator, boost gas supply and infrastructure, lift nuclear bans, and scrap some electric vehicle incentives.
- Prime Minister Anthony Albanese and investors, including Debby Blakey, chief executive of HESTA , warn policy instability risks investment and will raise electricity prices in coming years.
- Parties will continue working on an emissions model including a polluter payment fund or voluntary offsets, but CSIRO estimates at least 15 years before a nuclear reactor could come online, while Nationals leader David Littleproud signals migration as the next focus.
10 Articles
10 Articles
Coalition cements climate policy: no net zero, more fossil fuel as a move towards nuclear
The Coalition has formally solidified its dumping of the net zero emissions target in a party room meeting in Canberra. But it's gone much further, with the Liberals and Nationals unveiling a plan to strip climate change from the national energy regulator's list of objectives, while vowing to continue to reduce emissions by monitoring the progress of other countries.
Sydney Morning Herald
Energy giants back net zero as Coalition reignites climate war
Australia’s major power companies have reinforced support for net zero and a renewable-dominated grid, insisting it will be the cheapest option for consumers.
Opposition announces energy plan after net zero abandoned
Coalition leaders have signed off on a new energy policy, presenting a united front despite divisions behind the scenes.The Coalition met for the first time today since the Liberal party followed the Nationals in scrapping a goal of net zero carbon emissions by 2050.After two weeks of talking, Opposition Leader Sussan Ley and Nationals leader David Littleproud announced what would come next.READ MORE: One state to swelter through the hottest day…
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