Climate Waste

A Low-Wattage PM’s Useless ‘Guarantee’

According to Malcolm Turnbull, his National Energy Guarantee ‘will lower electricity prices, make the system more reliable, encourage the right investment and reduce emissions without subsidies, taxes or trading schemes.’ Every word is a lie.

The dust is yet to clear so we can judge how the National Energy Guarantee (NEG) will operate, but there is now enough clarity to be certain that the Wow!!!-infused exclamations of delight it received from sections of the mainstream media is totally unwarranted.  The wailing from the green lobby stems from its bringing down the curtain on new large scale wind and solar investments post 2020.

The Prime Minister said,

The National Energy Guarantee will lower electricity prices, make the system more reliable, encourage the right investment and reduce emissions without subsidies, taxes or trading schemes. It is truly technology-neutral, offering a future for investment in whatever technology the market needs – solar, wind,

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