Finkel review anticipates lower power prices, but weak electricity emissions target

Report by the chief scientist, Alan Finkel, models a clean energy target that would reduce electricity emissions by 28% on 2005 levels

Australia's chief scientist says a new clean energy target will deliver lower power prices to consumers than the status quo, but his report also models a scheme with a low target for emissions reduction from the electricity sector.

In his much anticipated review of the national electricity market, Alan Finkel has examined a scheme with an emissions reduction target of 28% on 2005 levels by 2030, rather than the reductions of 60% that some experts say would be necessary for Australia to meet its whole-of-economy pollution reduction target under the Paris climate accord.