KEY FINDINGS AND RECOMMENDATIONS FROM THE FINKEL REVIEW
* All governments need to agree on an emissions reduction trajectory and implement a mechanism to drive clean energy investment
* The recommended mechanism is a Clean Energy Target, the most effective way to cut emissions and support energy security/reliability
* Low emission generation like wind and gas will be incentivised but no penalties for high emission generation
* New generators obliged to ensure adequate capacity to meet consumer demand
* Big electricity generators required to give three years' notice of closure to allow investor/community planning
* A new integrated grid plan to inform investment and ensure energy security with significant investment decisions between states or regions to be made from a system-wide perspective
* A new Energy Security Board to deliver the plan and provide oversight, reporting on performance annually
* Financial rewards for consumers for reducing demand and sharing their resources, eg rooftop solar panels.
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