Frydenberg offers olive branch over controversial emissions target

Josh Frydenberg has offered an olive branch on the national energy guarantee, telling state energy ministers the emissions reduction target can be reviewed after five years – stepping back from an ambit claim that it be locked in for a decade.

Josh Frydenberg has offered to review the Coalition’s
 contentious 10-year emissions target after five years in
 a bid to get the states to sign the national energy guarantee.

The concession is flagged in a commonwealth paper circulated to the states late on Tuesday night. It sets out the Turnbull’s government’s position on how emissions reduction in the Neg will work.

The new paper, seen by Guardian Australia, says the target should apply for a decade, but it also flags a review in 2024.

This means the current target of reducing electricity emissions by 26% on 2005 levels by 2030 could be scaled up mid-way through the scheme after a review of the latest demand forecasts, and an analysis of the costs.

Read the story from The Guardian by Katharine Murphy  - “Frydenberg offers olive branch over controversial emissions target.”