Australia

Libs v Labor: climate and energy policies

A comparison of the climate and energy policies of the Morrison government and the Labor Party.

Liberal-Nationals

- $2 billion boost to the Emissions Reduction Fund over 10 years, rebranded as the Climate Solutions Fund.

- The Paris agreement target for emissions of 26 to 28 per cent below 2005 levels by 2030.

- Renewable Energy Target, to deliver 33,000 gigawatt hours of additional electricity from renewable energy sources in 2020.

- Continuing to fund the Australian Renewable Energy Agency until 2022, and investing what's left of the $10 billion Clean Energy Finance Corporation.

- Default market prices for energy.

- Underwriting new generation plan to inject more energy into the network.

Labor

- $10 billion for the Clean Energy Finance Corporation over five years.

- $5 billion to set up an independent Energy Security and Modernisation Fund.

- $31 million for an Energy Productivity Agenda.

- 45 per cent emissions reduction target by 2030.

- 50 per cent of power from renewables by 2030.

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