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Joyce and Taylor propose scrapping net zero goals for fossil fuel support

1 report, 1 independent Updated Wed 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Barnaby Joyce and Angus Taylor proposed abolishing mid-century net zero emissions goals and replacing solar and wind schemes with support for fossil fuels. In a press release, they stated that "Australians need cheaper power, not more ideology". They also promised to introduce a new bill containing eight commitments if elected, including tearing up the safeguard mechanism introduced under Tony Abbott.

From theguardian.com

Why it matters

Some supportBrind's analysis of the reports

The proposal suggests a shift away from current climate policy, which some experts say is based on the fallacy that recent power bill increases are due to renewable energy targets. The plan involves abolishing policies previously introduced by Coalition governments.

From theguardian.com

Who's involved

  • Barnaby JoycePolitician who proposed abolishing net zero goals and supporting fossil fuels
  • Angus TaylorPolitician who proposed abolishing net zero goals and supporting fossil fuels

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Clean Energy Finance Corporation could face major market risk due to the proposed abolition of the solar/wind capacity investment scheme.

  • Hancock Prospecting may benefit from regulatory action favoring fossil fuel operations, potentially reducing compliance costs.

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped