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Energy Security, Climate Policy & the 2015 Paris Agreement:

The National Energy Guarantee Controversy in Australia (Posted 26 August 2018)

KEY WORDS: Paris Agreement; emission reduction pledges; climate policy; energy security; equity; sustainable development; level playing field

1.0      Public debate on energy policy was galvanized in Australia because of significant concern and uncertainty over the reliability and affordability of power supply and the impacts on the community, business and industry.

2.0      More than ever, an effective national energy framework is a crucial policy need for Australia.

3.0    The Final Detailed Design of Australia’s National Energy Guarantee policy (“NEG”), released on 01 August 2018, has faced stern political critics within parliament, for its adoption.

4.0     Following the Rio Declaration in June 1992 Australia led the world by implementing an innovative national environmental policy for sustainable development in December 1992.

5.0      The challenge for Australia is to grasp the opportunity to lead the world by being the first country to introduce an NEG that gives effect to the inter-dependence and mutual support between climate policy and energy security.

6.0     For the NEG to be adopted, it is crucial that it complies with Paris Agreement obligations: The reduction of emissions must be made on the basis of equity and in the context of promoting sustainable development.

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