When I saw the government’s latest energy policy proposal, I was disappointed but not surprised.
 |
| The energy minister, Angus Taylor, with the prime minister. The new energy policy allows the redevelopment of existing projects to extend their life. |
Just a few weeks ago I was speaking with a few utilities analysts and players, wargaming the absolute worst thing a party with just a few months to live could do to Australia’s energy policy and how far they could roll back some commendable progress to date.
What we came up with revolved around the Australian Competition and Consumer Commission recommendations. They were very sensible but we figured they had substantial scope for selective and perverse implementation. At one point, we joked about the possibility that this good advice could be turned into a policy to subsidise companies that own coal plants and coal.
Turns out that is exactly what has happened.
Read the story from The Guardian by Alex Turnbull - “Coalition embraces economic vandalism with worst possible energy policy.”
No comments:
Post a Comment