Labor’s industry spokesman warns Neg does not do enough to reduce prices in the short term but signals possible cooperation

The Turnbull government’s national energy guarantee has “remarkable underlying similarities” to an emissions intensity scheme in the electricity sector, according to the Labor industry spokesman, Kim Carr.

In a speech to be given to the Food and Grocery Council on Thursday, seen by Guardian Australia, Carr warns the Neg does not do enough to reduce prices in the short term but signals possible cooperation if the government provides details of how the scheme will work.

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