The renewable energy train is unstoppable. The NEG needs to get on board
On the face of it, the National Energy Guarantee (NEG), adopted as Coalition policy at a party room meeting yesterday, appears to promise the certainty that industry, consumers and experts have desperately sought for the past decade. But beware: there is a renewable energy train coming down the track that is unstoppable. The NEG cannot stop the train, but it could act as a guide rail to steer it – or even safely accelerate it – by reducing investment risk and lowering the cost of finance for renewable energy projects. The latest figures indicate that the renewable energy train will smash Australia’s 2020 Renewable Energy …
