ETS would be more cost-effective than higher renewables target, analyst says

An emissions trading scheme would be cheaper and more effective than Labor's 50% renewables goal or the government's Direct Action policy, Paul Hyslop says

The author of the $60bn price tag for Bill Shorten's new renewable energy goal - cited by Tony Abbott as proof the scheme is unaffordable - says an emissions trading scheme like the one the Coalition abolished would be more cost-effective than either the coalition's "Direct Action" plan or Labor's new goal.

ACIL Allen Consulting chief executive, Paul Hyslop, told Guardian Australia his $60bn cost estimate of Labor's goal to have 50% of Australia's electricity generated by renewables by 2030 was based on a quick calculation of how much extra renewable capacity would be required, and the cost to deliver it though wind power.