The national economic policy think tank has come up with a policy that centre-right parties supposedly committed to free market principles should embrace. Instead, the Coalition has revived the climate wars.
y five-yearly report card on the nation’s productivity stall traverses the standard productivity-enhancing reform topics of tax, industrial relations, skills and competition.
Meanwhile, the chaos in energy markets amid multiple government interventions is increasing the costs of the transition amid rising electricity prices and reliability risk as dirty coal exits the system before reliable replacement renewable generation and backup is in place. The commission is deeply critical of this “hodgepodge of narrowly applied” measures, which include what it calls highest-cost “charismatic abatement” options such as taxpayer-funded subsidies for electric vehicles and rooftop solar. That may warm the hearts of the Coalition’s recalcitrant carbon warriors.
That would spread the cost of meeting Australia’s emission targets across more sectors while using price signals to drive private sector investment in more lowest cost emission-cutting technology options. In turn, this would obviate the need for “tech road maps” and public support that seeks to “pick winners” amid the great uncertainty about unproven abatement technologies.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSW Coalition to lower public transport capThe New South Wales Coalition will lower the public transport cap in a last-minute pitch before voters head to the polls. Commuters will travel free on trains, busses and light rails after spending $40 on public transport.
Read more »
Timid NSW transport policies show Labor and the Coalition have taken their feet off the acceleratorNo matter who wins the election, the task of tackling clogged roads and Sydney’s tolling mess will be immense
Read more »
Majority of 600,000 undecideds like Leena voted Coalition last timeLeena Gupta, who lives in the seat of Manly, is yet to decide who to vote for. The options feel like “the best of a bad lot” she says.
Read more »
Labor slams ‘hypocrisy’ over $3m super cap criticismTriple the number of high-income earners will be hit by the former Coalition government’s 2017 tax increase on superannuation, Labor says.
Read more »
My best friends are divorcing and I’m stuck in the middleIgnore the name-calling, says Philippa Perry. Instead, just say how you feel about how they seem to be feeling
Read more »
How John Boyega's Black Lives Matter speech connected him with late actor Michael K WilliamsWhen John Boyega gave an impassioned speech at a Black Lives Matter rally in June 2020, he worried it would ruin his career in movies. Instead, it led him to his latest project, Breaking.
Read more »