Joint statement on the National Energy Guarantee

A broad array of Australia’s energy stakeholders today called on the COAG Energy Council to approve the Energy Security Board’s framework for the National Energy Guarantee and commence changes to the National Electricity Law, even as debate continues on the appropriate emissions reduction targets for the electricity sector.

Action is needed on many fronts to ensure Australians have the affordable, reliable and clean energy we demand. Deep policy uncertainty hangs over electricity investment beyond the current national Renewable Energy Target. An efficient and durable mechanism that integrates energy and climate policy will greatly reduce this uncertainty.