National Energy Guarantee will ‘put brakes on’ renewable investment
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Yesterday, the federal government announced a new energy policy, The National Energy Guarantee.
The policy has been adopted instead of the Clean Energy Target, which had been recommended by the Australian Chief Scientist Alan Finkel .
The Government claims the new plan will lower energy prices for households and will reduce emissions enough for Australia to uphold its end of the Paris climate change agreement.
Reaction to the plan is mixed with fears that it props up the coal industry and will be a disincentive to new investment in renewables .
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