His comments hint at a possible overhaul of the NEM’s governance structure under a future Labor government, because the current rule-making process is too cumbersome and slow, with suggested rules changes taking years to be introduced. “I said Labor was prepared to move from our preferred position of an emissions intensity scheme and negotiate a fair-dinkum clean energy target. “These zones would be based on both existing generation and storage in the area – and the potential for future development,” he said. “Under Labor, the return benchmark for the CEFC was set at the weighted average of the Australian government bond rate. “This is why a Labor government would restore the original benchmark return of the Clean Energy Finance Corporation, to invest in more generation, more storage and more jobs.”

Source: The Guardian October 08, 2017 17:01 UTC