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Momentum on energy security welcome, but Clean Energy Target now crucial

The endorsement by state and federal Energy Ministers of all but one of the recommendations from the Chief Scientist’s review of Australia’s energy security is a big step forward in creating a modern energy system, the Clean Energy Council said today.

But Clean Energy Council Chief Executive Kane Thornton said a Clean Energy Target is the missing piece of the puzzle to provide much-needed certainty that is essential for new investment to drive down power prices and ensure energy security.

“The endorsement of these recommendations by the COAG Energy Council will go a long way towards ensuring a clean, secure and affordable energy system,” Mr Thornton said.

“While there is a great deal of detail to work through, with the right market and regulatory settings, these recommendations will allow Australia to take advantage of the full capabilities of sophisticated new renewable energy and energy storage technologies. We look forward to working with the key industry and business bodies to carefully design the implementation of these recommendations.

“But the Finkel Review recommendations need to be implemented as a whole package to ensure they operate as a coherent, strong and enduring energy strategy. We now wait for the Government to finalise its support for a Clean Energy Target as the most important policy for the future of Australia’s energy system,” he said.

Please contact Clean Energy Council Media Manager Mark Bretherton on 0413 556 981 for more information or to arrange an interview.