The National Energy Guarantee is a third-best option, but two factors will be crucial to its success in reducing emissions, according to the South Australian government.
A new discussion paper on the National Energy Guarantee reveals the government initially won't set an emissions target for the electricity industry that extends beyond 2030.
The International Energy Agency today warned the ERF and the Safeguard Mechanism don't effectively limit carbon emissions, and cautioned that the National Energy Guarantee won't be a 'silver bullet'.
Environment and Energy Minister Josh Frydenberg today won backing to further develop the National Energy Guarantee, but South Australia is threatening to derail the scheme and will model alternatives.
A range of industry associations, as well as the ACTU, the Clean Energy Council, farmers and WWF Australia today urged governments to make the National Energy Guarantee 'their top priority'.
The Turnbull government could use the Safeguard Mechanism to cut generator emissions, and it might be better than a Clean Energy Target, according to Energetics principal consultant Gordon Weiss.