Day

June 19, 2017

19
Jun
2017

Energy Policy, Turnbull Down 3 Points

The debate over energy policy (which is really about climate policy) looks like continuing apace, with today’s AFR reporting a discussion at tomorrow’s joint Party Room on what it describes as “the energy crisis”. The fact that the Nationals are invited certainly suggests that there is a crisis of sorts (as a separate party, they do not normally participate). Deputy PM Joyce is pictured in the attached digital version practicing with his whip (see Mix of Energies Will Do) and as suggesting that there may be a discussion of a government-owned coal-fired generator. It surely can’t be that such a possibility might be seriously discussed: with an energy policy involving an increase in renewable (under a Finkel 42% by 2030) coal usage would progressively decline and there would be no new investments in coal-fired generators. In such circumstances any government coal-fired generator would lose money and would have to be subsidized. It would not on its own “save” coal.