It says it intends to examine dynamics in the gas market in greater detail in a subsequent study. 'There is an acute danger of politicians panicking' about energy demand and costs, Grattan Institute report warnsA new report has warned the Turnbull government the national electricity market is at "crisis point", with rising energy prices for consumers and increasing concerns the grid cannot meet demand. A separate analysis by the respected energy market analysts, Reputex, to be released Monday, finds Australia can meet its Paris emissions reduction targets at "no net cost" to business. The report says emissions reduction at no net cost would be achieved by unlocking $12bn of savings attributed to "negative cost" abatement opportunities such as renewable energy and energy efficiency. "We need to tackle this head on."Xenophon said the government needed to adopt a "use it or lose it" policy in the gas market, and work cooperatively with the states to open up supply.
as declared in
Hopefully the Finkel Review will define Australia's energy security and emissions reduction needs, and provide a strong platform for politicians to work from. AdvertisementPoliticians should begin by adopting pragmatic market reforms and giving clear direction on climate and energy policy. The immediate challenge is to reduce the risk of blackouts next summer, in South Australia and Victoria especially. Even given a credible climate policy, there are still questions as to whether the current electricity market will be able to meet our future needs. But what we really need is substantial market reforms, rather than piecemeal government investments in various energy projects.
read more visit us Energy markets
collected by :Jack Luxor
as declared in
Hopefully the Finkel Review will define Australia's energy security and emissions reduction needs, and provide a strong platform for politicians to work from. AdvertisementPoliticians should begin by adopting pragmatic market reforms and giving clear direction on climate and energy policy. The immediate challenge is to reduce the risk of blackouts next summer, in South Australia and Victoria especially. Even given a credible climate policy, there are still questions as to whether the current electricity market will be able to meet our future needs. But what we really need is substantial market reforms, rather than piecemeal government investments in various energy projects.
read more visit us Energy markets
collected by :Jack Luxor
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