The Albanese government will supercharge its struggling 82 per cent clean energy goal by dramatically expanding its underwriting of green generation and storage, effectively replacing the Renewable Energy Target favoured by some wind and solar proponents.
In a major overhaul triggered by growing fears of grid instability as coal and gas exits the system, Climate Change and Energy Minister Chris Bowen will present state and territory counterparts with an expanded “Capacity Investment Scheme” at a meeting on Friday.
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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com
Mark Ludlow writes on politics, energy and infrastructure based in Brisbane. Connect with Mark on Twitter. Email Mark at mludlow@afr.com
Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
