Coalition could indemnify new coal projects against potential carbon price

Exclusive interview: Angus Taylor will look at overcoming financing problems new generation projects face

The energy minister, Angus Taylor, has signalled the Australian government could indemnify new power generation projects against the future risk of a carbon price, and says it could also support the retrofitting of existing coal plants.

In an interview with Guardian Australia, the man dubbed the "minister for getting power prices down" by the prime minister, Scott Morrison, has also committed to keeping current subsidies for households and businesses to install renewable energy technology like solar panels until 2030, and insists Australia's electricity sector will reduce emissions by 26% on 2005 levels in "the early 2020s".