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Coalition's national energy guarantee described as having 'no benefit' to emissions | Australia news I The Guardian

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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.”

Wealthy Liberal seats among biggest winners of Turnbull tax cut plan | Australia news I The Guardian

theguardian.com Wealthy Liberal seats among biggest winners of Turnbull tax cut plan | Australia news Gareth Hutchens 6-7 minutes The Turnbull government’s income tax cut package will benefit the wealthiest electorates in Sydney and Melbourne the most, with the prime minister’s seat of Wentworth the biggest winner, according to a new analysis. Echoing similar findings from the National Centre for Social and Economic Modelling, a fresh cut of the data by the progressive think tank the Australia Institute suggests households in Wentworth will receive almost double the national average benefit of the seven year tax package. As well as blue ribbon Liberal seats like Wentworth, North Sydney, and Warringah appearing in the top 10, courtesy of their clusters of high income earners, three Labor-held electorates also make the list – Sydney, Melbourne Ports and Grayndler. But electorates held by the Nationals don’t fare as we