It’s Christmas already! Australia drops new Renewables Targets, will meet “Paris”, stop blackouts, reduce costs

This is good news but Turnbull still wants to have the Paris cake and power the fridge with the crumbs

Faced with national bill shock, dismal Newspolls, and even leadership rumors, Turnbull is, at last, dropping the deadweight Finkel Clean Energy Target. The biggest poisoned-band-aid will not be plastered on, though mini bandaids will be.

Too much regulation is never enough and the energy market is still being micromanaged.

Cabinet dumps Clean Energy Target for new ‘affordable, reliable’ power plan

[ABC news] A Clean Energy Target recommended by Australia’s chief scientist will not be adopted, with the Federal Government instead proposing a new plan to bring down electricity prices.

The details have not officially been released, but the ABC understands Prime Minister Malcolm Turnbull will argue his policy will lower electricity bills more than a Clean Energy Target (CET), while meeting Australia’s Paris climate change commitments.

And they wonder why no one wants to build a coal station here, despite finding 1,600 other places to build them in 62 other countries:

Cabinet is also keen to adopt a generator reliability obligation, which requires three years’ notice of closing a power station, in order to […]