Coalition's national energy guarantee described as having 'no benefit' to emissions

Former head of Clean Energy Finance Corporation says governments should not support Neg in current state

Oliver Yates, the former head of the Clean Energy Finance Corporation, says state and territory governments should not sign on to the Turnbull government's national energy guarantee until such time as it contains meaningful emissions reductions.

Yates, a respected industry player now active in the renewables sector, and a board member of the Smart Energy Council - a solar group critical of the Neg - told Guardian Australia the Turnbull government's policy "doesn't do anything other than create a stable emissions profile for existing coal-fired power stations."