Green power scheme’s flaws emerge after making crucial progress
Action is needed to turbocharge the build-out of clean generation, but the shortcomings in Labor’s game plan mean 2030 climate targets remain in doubt.
Climate Change and Energy Minister Chris Bowen says the Capacity Investment Scheme will help Australia achieve its 2030 climate targets. Steven Siewert
Depending on who’s talking, the Albanese government’s flagship program for boosting investment in new clean electricity generation – the Capacity Investment Scheme – is an essential policy mechanism for reaching 2030 climate targets, or a misnamed renewables subsidy scheme that will do little to keep the lights on.
The reality may lie somewhere in between.
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