EXCLUSIVE: Academics suggest scheme that would slow sector’s emissions without expensive government subsidies or need for carbon price
Power generators would be forced to pay for the closure of a competitor’s dirty brown-coal fired plant under a radical plan that could help Australia slow the continued increase in electricity sector greenhouse emissions without a carbon price or expensive government subsidies.
The idea – from Australian National University academics Frank Jotzo and Salim Mazouz – offers the government hope of meeting the long-term emission reduction targets it will promise in Paris and provides the energy sector with a solution to the problem of oversupply that has forced the mothballing or under-use of less polluting types of generation.
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Source: Guardian Environment