| An emissions trading scheme would be cheaper and more effective than Labor’s 50% renewables goal or the government’s Direct Action policy, Paul Hyslop says. The author of the $60bn price tag for Bill Shorten’s new renewable energy goal – cited by Tony Abbott as proof the scheme is unaffordable – says an emissions trading scheme like the one the Coalition abolished would be more cost-effective than either the coalition’s “Direct Action” plan or Labor’s new goal.
ACIL Allen Consulting chief executive, Paul Hyslop, told Guardian Australia his $60bn cost estimate of Labor’s goal to have 50% of Australia’s electricity generated by renewables by 2030 was based on a quick calculation of how much extra renewable capacity would be required, and the cost to deliver it though wind power...............................................Full Article: Source
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