Coalition's national energy guarantee described as having 'no benefit' to emissions | Australia news I The Guardian
theguardian.com Coalition's national energy guarantee described as having 'no benefit' to emissions | Australia news Katharine Murphy Oliver Yates, the former head of the Clean Energy Finance Corporation, says state and territory governments should not sign on to the Turnbull government’s national energy guarantee until such time as it contains meaningful emissions reductions. Yates, a respected industry player now active in the renewables sector, and a board member of the Smart Energy Council – a solar group critical of the Neg – told Guardian Australia the Turnbull government’s policy “doesn’t do anything other than create a stable emissions profile for existing coal-fired power stations.” “It’s absolutely of no benefit to the national transition away from emissions,” Yates said. “The only thing it does is help people producing emissions to know they don’t have to reduce their emissions over the next 10 years.”