The Australian Labor Party (ALP) recently confirmed that, should it win the 2019 Federal election, the ALP will adopt the National Electricity Guarantee (NEG) and increase the NEG’s emissions reduction target to 45 per cent by 2030 (you can learn more about the NEG here).
With the Coalition no longer officially pursuing the NEG, bipartisan agreement to the NEG with an increased emissions reduction target appears doubtful. Accordingly the ALP announced last week a series of alternative renewables policies to sit beside the NEG, including:
It is not clear to what extent the ALP will maintain the above policies if the NEG is passed. Much will presumably depend on in what form the NEG survives if the Federal ALP is elected.
About Holding Redlich
Holding Redlich is a national, leading law firm with a significant track record in the renewables sector. We are proud of our team’s specialised expertise advising and working in the industry; having extensively acted for developers, OEMs, contractors and landholders both in Australia and Asia. We can provide a full service offering to our clients with our expertise in renewables extending from planning and finance through to construction and disputes.
Authors: Scott Schlink & Christobel Teo
Stephen Natoli, Partner
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Carl Hinze, Partner
T: +61 7 3135 0630
Scott Alden, Partner
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Published by Scott Schlink, Christabel Teo