Vic Govt's dodgy economics on energy

The economic modelling underpinning the Victorian Government's decision to dump the energy efficiency target contains a series of fatal flaws.

The results of the modelling for the Business Impact Statement are fanciful and at odds with a suite of recent similar analyses that concluded that supporting energy efficiency would deliver economic benefits.

Our assessment of the Business Impact Assessment (BIA) and associated modelling shows that there has been a systemic understatement of the benefits of energy efficiency and an overstatement of the costs.

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