Malcolm Turnbull convinces party to unite on energy policy

Prime minister wins party room backing despite Tony Abbott bid for delay, but policy may be resisted by statesMalcolm Turnbull has secured party room backing to impose new reliability and emissions reduction guarantees on energy retailers and large energy users from 2020.But the emissions reduction trajectory, the most internally sensitive component of the reform, will require new legislation, and the government has been advised to implement the new scheme with the support of state governments passing complementary laws - which could render Turnbull's reworked proposal dead on arrival. Continue reading...