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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
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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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