The Turnbull government is set to announce a major repositioning of Australia's energy and emissions policy after cabinet signed off on a plan to scrap all renewable energy subsidies in future, mandating instead the use of sufficient "reliable" energy like coal and gas to avoid blackouts.
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| PM Malcolm Turnbull and his government step away from clean energy target. |
Fairfax Media understands the government believes it will be able to do this while still meeting the nation's emissions reductions targets under the Paris Agreement.
The plan relies on a growing market uptake of clean energy due to a combination of consumer preference, falling renewables costs, and technological advances in power storage.
Read the story in today’s Melbourne Age by Mark Kenny - “Malcolm Turnbull's new energy policy aims to cut costs and mandate minimum 'reliable' coal, gas production.”
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