Environment

National energy guarantee is ‘innovative’, says Bloomberg analysis

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Bloomberg New Energy Finance says proposed guarantee could be ‘template for policy makers worldwide’

The Turnbull government’s proposed national energy guarantee has been given enthusiastic support by the renewable energy analysis firm Bloomberg New Energy Finance, which has described the concept as “innovative and elegant” and said it could be “a template for policy makers worldwide”.

Earlier this week Malcolm Turnbull persuaded the Coalition to support an energy policy that includes measures intended to drive down emissions (the “emissions guarantee”) and ensure reliability of the grid (the “reliability guarantee”).

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