Between the lines, Morrison's plan has coal on the way out, with the future bright

By John Quiggin, Professor, School of Economics, The University of Queensland

The most striking feature of Prime Minister Scott Morrison’s long-term emissions reduction plan outlined on Tuesday is not the long-telegraphed commitment to net-zero emissions by 2050, or the promise of a A$20 billion clean energy program (around 0.2% of national income annually).

It is the announcement of a technology target which is entirely outside the government’s control: solar photovoltaic electricity at a cost of A$15 a megawatt-hour ($/MWh).

That price translates…

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