NEG Resolution must be a priority

The Property Council of Australia has welcomed progress towards the adoption of the National Energy Guarantee, and says its resolution must be the top priority for state and territory governments and the Federal Parliament.

“On behalf of Australia’s biggest industry which employs 1.4 million Australians and contributes 13 per cent of GDP, we strongly reaffirm our support for the objectives of the NEG to provide certainty on energy and climate policy,” said Ken Morrison, Chief Executive of the Property Council.

“The NEG represents the last chance approach for achieving emission reductions while ensuring affordable and reliable energy supply for Australian households and businesses.

“We believe the energy sector will need to do more on emissions over time, but it’s vitally important that certainty is delivered by supporting the NEG package that is currently on the table.

“We welcome the progress made through the COAG energy ministers meeting and the Coalition party room stages, but it’s vital that momentum is maintained towards a final agreement.

“We’ve suffered through a decade of energy and climate policy zigs and zags. It’s time to get behind a policy framework which can deliver certainty on the supply and cost of energy for Australian households, business and industry as well as meeting our emission reductions goals,” Mr Morrison said.

Media contact:  Matt Francis | M 0467 777 220 |  E mfrancis@propertycouncil.com.au