What's encouraging is how simple some of the measures you're proposing John are to implement. So taking away the 3 to 4 per cent risk premium the CEFC is required to charge above the long term bond rate is simple. And reducing the rate of return that Snowy Hydro is required to get on its renewable energy investments to the long term bond rate is also simple. These 2 simple measures alone will lead to much lower energy prices and push out coal quicker, reducing emissions. And more jobs and higher productivity because of lower prices. A win win win.
I wonder if we are being a little unambitious with our zero emissions targets. Maybe a 150% or 200% renewable target by 2050 will allow us to sell the balance and help pay for the process?
What's encouraging is how simple some of the measures you're proposing John are to implement. So taking away the 3 to 4 per cent risk premium the CEFC is required to charge above the long term bond rate is simple. And reducing the rate of return that Snowy Hydro is required to get on its renewable energy investments to the long term bond rate is also simple. These 2 simple measures alone will lead to much lower energy prices and push out coal quicker, reducing emissions. And more jobs and higher productivity because of lower prices. A win win win.
I wonder if we are being a little unambitious with our zero emissions targets. Maybe a 150% or 200% renewable target by 2050 will allow us to sell the balance and help pay for the process?