If Labor was of a mind for mischief, it would endorse the Prime Minister's energy policy. It would declare that it resembled an emissions intensity scheme and therefore was a suitable bipartisan mechanism for achieving our emissions abatement goals -- should there be a government that is serious about climate change -- while providing certainty for investors. And it would note that voters shouldn't believe the price fall forecasts being peddled by the government.

The goal of the policy, as even conservative commentators are openly acknowledging, is to create a battleground on energy for the Coalition to attempt to haul in Labor's big polling lead. A political strategy deserves a political response, and the best political response would be to give Turnbull the last thing he wants -- a bipartisan energy policy. And by justifying Labor's support for the sake of certainty and investment will enable Bill Shorten to appear statespersonlike and above the fray.