Australia is in the midst of an energy transformation with crucial decisions to be made for the future of our energy system. This section explores the latest issues related to building the role of renewable energy in Australia.
NATIONAL ENERGY POLICY
The National Energy Guarantee (NEG) was proposed as Australia’s future energy policy. However, the NEG was abandoned by the federal government shortly after Scott Morrison replaced Malcolm Turnbull as Prime Minister.
The continued lack of a long-term energy policy is affecting investment confidence in large-scale renewable energy and accompanying energy storage, with investment falling from a high of 4500 MW in late 2018 to less than 800 MW in each of the first two quarters of 2019.
In Australia’s clean energy investment outlook, the Clean Energy Council continues to call on the Federal Government to proceed with the NEG and make other reforms to improve the investment environment for large-scale renewable energy in Australia.