New modelling forecasts Labor’s 45% target will force down Australian prices but government’s 26% will not

A national energy guarantee with a more ambitious emissions reduction target of 45% by 2030 would lead to power prices falling over the life of the scheme in contrast to the Turnbull government’s proposal, according to new modelling.

With the Neg bound for a make-or-break meeting in August, the new number crunching by the respected energy analysts RepuTex, funded by Greenpeace, boosts the case for emissions reduction in the scheme to be made more ambitious.

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