Day

October 20, 2017

20
Oct
2017

The New Energy Policy Has No Substance

In Wednesday’s Commentary I suggested that the explanation given by an “expert” as to how Turnbull’s NEG would work, and how NEG would save $110-115 pa in costs, was incomprehensible. This expert (John Pierce) was making the explanation at Turnbull’s request to a press conference whose attendants included Frydenberg and board members of the recently established Economic Security Board (ESB), and whose role appears to be to ensure the provision of reliable power and the achievement of the emissions reduction target of 26-28% by 2030 (the text of the press conference is now attached to Wednesday’s Commentary on my web and is a “must read”). My guess is that the two ministers put together a group of “experts” as members of the ESB who are sympathetic to the need for government intervention to reduce carbon emissions.