Finkel's target boosts coal industry and does little to cut emissions, modelling shows
by Michael Slezak from Environment | The Guardian on (#2SX32)
Jacobs Group modelling suggests clean energy target is also more expensive than an energy intensity scheme
The clean energy target recommended in the Finkel review does relatively little to reduce emissions, extends the life of coal power plants and is more expensive than the alternative energy intensity scheme, the modelling behind the report shows.
Released today, five days after the report itself, the economic models that inform the report reveal the main thing the policy achieves is giving some confidence to power generators - including coal power stations - so they can make informed decisions about investments.
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