NEG U-turn leaves Australian energy industry, investors reeling

Published 10:24 on August 20, 2018  /  Last updated at 13:57 on August 20, 2018  /  Asia Pacific, Australia  /  No Comments

Australia’s decision Monday to drop the emissions target in the National Energy Guarantee (NEG) has left the energy sector concerned that investment certainty might be further away than ever, and that the nation could put itself on track to face international repercussions for missing its Paris obligations.

Australia’s decision Monday to drop the emissions target in the National Energy Guarantee (NEG) has left the energy sector concerned that investment certainty might be further away than ever, and that the nation could put itself on track to face international repercussions for missing its Paris obligations.

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