The Victoria will only support the proposed National Energy Guarantee (NEG) if specific conditions are met that keep energy prices low and support local jobs says the Victorian government.
The conditions will ensure the Victorian Renewable Energy Target – and the thousands of local jobs it supports – are protected.
According to the Victorian government they will only sign up to the proposed NEG if the following conditions are met:
- Emissions reduction targets can only be allowed to increase over time and never go backwards
- Future targets will need to be set by regulation
- The targets will need to be set every three years, three years in advance
- Establishment of a transparent registry, with access by regulators and governments to ensure the NEG is working in the best interests of consumers.
“We won’t support any scheme that puts our renewable energy industry and Victorian jobs at risk.”
“We can still get this right – but only if Malcolm Turnbull stares down the climate-crazies in his party and puts a workable scheme on the table that doesn’t hurt local jobs and households,” said Lily D’Ambrosio Victorian Minister for Energy, Environment and Climate Change.
“Victoria will continue to work through the COAG Energy Council to get the NEG right.”
Image sourced from Shutterstock cc: Greg Brave