Anthony Albanese is promising to cut electricity prices by 18 per cent within three years along with a pledge to reduce emissions by 43 per cent by 2030 | CroweDM
in a pivotal decision that steps back slightly from the Labor goal of 45 per cent at the last election, sparking claims from the Greens that he is too weak and warnings from the Liberals that his plan will cost jobs.
“This is a policy from the alternative government of Australia that is fully costed, that is worked through and that I think has got the right element of ambition,” Mr Albanese said. About half of the gains in the Labor plan is forecast to come from reducing emissions while another half comes from offsets such as agriculture schemes, creating a bigger offsets market for companies to trade.
It is also offering to redirect funding from the government’s Climate Solutions Fund to offer more incentives for companies to achieve the carbon cuts.
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