The federal, state and territory Energy Ministers have introduced a shadow carbon price for the national electricity market. This ‘value of emissions reduction’ (VER) sets the value of carbon abatement at $66 per tonne in 2023, rising six-fold to $420 by 2050. This paper estimates that including VER as a class of market benefit could...

The Australian Government wants to transition the electricity system to net zero carbon emissions by relying on wind and solar power – excluding alternatives such as small nuclear reactors. This paper focuses on the question of how Australians have been led to believe two false claims: that renewables are the cheapest and that the cheapest...