It’s crunch time for the National Energy Guarantee, as the Coalition turns it sights to negotiating the document in its own partyroom today.

Talk of backbench revolt from key “rebel” MPs like Tony Abbott and Craig Kelly has been brewing for weeks, with the key point of dissidence being the policy’s failure to have a price maximum guarantee.

Though Turnbull has offered an olive branch with an appeasement offer of sorts, promising to underwrite multibillion-dollar investments to build new coal-fired power, there are doubts over whether this will be enough.

Now the Institute of Public Affairs has thrown their two cents worth into the debate, saying government needs to dump the NEG immediately.

“Implementing the Paris requirements would impose a $52 billion economic hit to our economy,” says Daniel Wild.

“That’s $8,000 per family and comes at a time when wages are stagnant and the cost of living is rising. It’s an economic hit that comes without any discernible offset environmental benefit.”

“ We know that the rising prices have coincided with a rapid increase in intermittent energy sources coming onto the national energy market because they’re just not up to the task of delivering low cost, reliable energy.”

 Michael McLaren also cannot see the merits of the policy. He says it’s hypocritical for Australia to send off our resource abundance elsewhere for export dollars, but to not use it here.  

“ How on earth is it the case that Australia, with 7% of the world’s black coal, 24% of its brown coal, 257 trillion cubic feet of gas and34% of the world’s uranium, how have we got some of the highest power prices in the world, despite that illustrious bounty we can tap into?”

It&rsquo;s crunch time for the National Energy Guarantee, as the Coalition turns it sights to negotiating the document in its own partyroom today.
Talk of backbench revolt from key &ldquo;rebel&rdquo; MPs like Tony Abbott and Craig Kelly has been brewing for weeks, with the key point of dissidence being the policy&rsquo;s failure to have a price maximum guarantee.
Though Turnbull has offered an olive branch with an appeasement offer of sorts, promising to underwrite multibillion-dollar investments to build new coal-fired power, there are doubts over whether this will be enough.
Now the Institute of Public Affairs has thrown their two cents worth into the debate, saying government needs to dump the NEG immediately.
&ldquo;Implementing the Paris requirements would impose a $52 billion economic hit to our economy,&rdquo; says Daniel Wild.
&ldquo;That&rsquo;s $8,000 per family and comes at a time when wages are stagnant and the cost of living is rising. It&rsquo;s an economic hit that comes without any discernible offset environmental benefit.&rdquo;
&ldquo; We know that the rising prices have coincided with a rapid increase in intermittent energy sources coming onto the national energy market because they&rsquo;re just not up to the task of delivering low cost, reliable energy.&rdquo;
&nbsp;Michael McLaren also cannot see the merits of the policy. He says it&rsquo;s hypocritical for Australia to send off our resource abundance elsewhere for export dollars, but to not use it here.&nbsp;&nbsp;
&ldquo; How on earth is it the case that Australia, with 7% of the world&rsquo;s black coal, 24% of its brown coal, 257 trillion cubic feet of gas and34% of the world&rsquo;s uranium, how have we got some of the highest power prices in the world, despite that illustrious bounty we can tap into?&rdquo;

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