A Study of the National Energy Guarantee and Federal Governance Frameworks within the Power Generation Industry

摘要

This article highlights the inadequacies of the federal frameworks and market mechanisms that inhibit Australia from forming clear policy on emission reductions in the power generation sector. This article makes comparative analysis between the National Energy Guarantee (NEG) and other emission reduction schemes and legislation to review whether the proposed NEG mechanism is adequate to provide significant emission reductions. Regardless of the NEG policy status, this article digs deeper to understand the key regulatory frameworks and market mechanisms within the power generation industry that need to be addressed if the NEG or any policy is to succeed in providing sustainable emission reductions for Australia.