The Federal Government's proposed National Energy Guarantee (NEG) in its current form will do nothing but guarantee failure when it comes to deeply and swiftly cutting our greenhouse gas pollution in order to tackle intensifying climate change, according to the Climate Council.
Climate Council Acting CEO Dr Martin Rice said the Federal Government's offering of the NEG will not adequately reduce Australia's increasing greenhouse gas pollution levels and tackle climate change.
"The NEG proposes inadequate and weak greenhouse gas pollution cuts, and implies no further reductions beyond 2030," he said.
"Australians are already experiencing intensifying extreme weather events, driven by worsening climate change as a result, including more severe bushfires, heatwaves and coastal flooding," he said.
"Australia is one of the sunniest and windiest nations in the world, so solar and wind, plus battery storage means clean, affordable and reliable electricity on demand, 24/7. Renewables plus storage just makes economic sense."
Dr Rice said the National Energy Guarantee in its current form could also place Australia's thriving renewables and battery storage boom at risk of grinding to a halt.
"The United Nations latest global energy report shows that Australia's investment in clean, affordable and reliable renewable energy and battery storage jumped by almost 150 percent in 2017 alone, reaching more than $11 billion dollars (AU) - the NEG actually places this economic boom under threat," he said.
"We need strong and credible climate and energy policy and unfortunately the offering of the NEG falls flat across the board."
"Our window of opportunity to tackle climate change is closing quickly. Australia urgently needs credible federal climate and energy policy that will swiftly and deeply cut our greenhouse gas pollution levels, while continuing the nation's transition to clean, reliable and affordable renewable energy and storage technology."
The Climate Council has created a climate and energy policy roadmap 'Clean & Reliable Power: Roadmap to a Renewable Future', outlining 12 key principles that are essential to tackling climate change in Australia.