The Prime Minister has been warned of five MPs could cross the floor of the house of Representatives should attempt to legislate for the Clean Energy Target, news.com.au was told.
This would be a reminder of his removal, as the Leader of the Opposition in 2009 by Tony Abbott. The flash-point issue then was the support for the Emissions trading Scheme proposed by Labor’s Kevin Rudd.
Mr Turnbull is now considering a number of adjustments to the Clean Energy Target (CET) proposed by the Chief Scientist Alan Finkel in his review of the security of energy delivered in the month of June.
The possible changes range from the cosmetic, a change of name for the map — a more important role for the generation of the coal.
The attempt to appease the potential rebels, who were happy with the new CET version could push the resolution of the issue beyond the Christmas deadline set by Mr Turnbull.
And this would mean a further delay in the establishment of a clean energy, a point of reference in the energy sector and to petition for greater certainty from the government so it can invest in the trust.
The indication of a possible Liberal rebellion came on Tuesday, when Mr Abbott told colleagues at a regular meeting of Coalition MPs proposed CET may not work, in addition to strengthening renewable energy production, which reflects a topic that would result in an increase in prices for consumers.
He said “if we have a project of clean energy to the target over Renewable Energy, that will be a difficult position to sustain.
Mr Turnbull told Parliament yesterday a CET is “under examination”.
“We need to ensure that the energy market design provides the right framework for investment that will not only get a new generation, but it gets the generation of the type,” he said.
Today, the Energy Minister, Josh Frydenberg refused to discuss the Government revamping of a CET, but has disputed claims of a delay would set back the generation of energy investment.
“Obviously we want to deal with this problem as soon as possible, but we must do it well,” Mr Frydenberg told Sky News.
“And in the meantime, the Labour Party says that there is a lot of investment in the course. I can tell you that there is a record level of investment going into the new generation, in particular renewable energies.
“There is $7 billion of investment in progress, 4000 megawatts of supply to the market. What we need to do is to get the right mix.”
In June, Dr Finkel gave his review of the national energy security with 50 recommendations. The Government has adopted 49.
The Finkel report said: “Clean Energy Goal of encouraging new low-emissions generation on the market in a technology neutral fashion.
“On the basis of this mechanism, the new low-carbon generators such as wind, gas, or the combination of coal with carbon capture and storage, will receive incentives to enter the market. Australia’s existing Renewable Energy (RET) will continue to 2020, scheduled for the new participants, but should not be extended.
“In addition to encourage reliable generation in the market, a goal of the Clean Energy Goal is to reduce emissions in the long term. For example, a mix of wind, solar and coal generation would be equally acceptable as a mix of wind, solar and gas generation, as long as the emissions reduction trajectory is achieved.”
At the moment, Mr Turnbull said: “Well, of course, there is no doubt that it would work and look, to me, is very favorable.”