Australia’s new flagship Climate Solutions Fund, announced this week by Prime Minister Scott Morrison, will spend more than A$2 billion on cutting greenhouse emissions by 2030.
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| Scott Morrison has given a new name to an old policy. |
While action on climate change is welcomed, this announcement seems to be a faithful reprise of the previous Emissions Reduction Fund, which was beset with problems.
The government has put a new name on an existing scheme, while steadfastly refusing to learn from mistakes made along the way. In cruder terms, it’s slapped a gleaming coat of lipstick onto a pig of a policy.
Add to that the A$1.38 billion pledged today for building the Snowy 2.0 scheme – another plan hatched by one of the government’s former incarnations – and there’s not a lot of imagination on display as Morrison’s government scrambles for some much-needed climate credibility ahead of this year’s election.
Read the piece from The Conversation by a Senior Lecturer in Economics from the The University of Queensland, Ian A. MacKenzie - “The government’s $2bn climate fund: a rebadged rehash of old mistakes.”
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