Former RBA chief slams Coalition's 'crazy' climate claims

Former Reserve Bank governor Bernie Fraser says Labor is sensible to propose the use of international carbon credits to meet its emissions reduction goals and described as “crazy” government claims that the measure would cost Australian businesses $25 billion.

Former Reserve Bank Governor Bernie Fraser says the
Coalition's claims about the costs of Labor's climate
policies are "crazy".

Mr Fraser, a former Treasury chief and advisor to both Labor and Coalition governments on climate policy, expressed frustration with the Morrison government’s “absurd assertions” about climate action, including a “stupid argument” that sought to downplay Australia’s responsibility to act because it produces only a fraction of global emissions.

Labor leader Bill Shorten has come under sustained attack this week over the potential cost of his party’s 45 per cent emissions reduction target.

Read the story from The Age by Nicole Hasham - “Former RBA chief slams Coalition's 'crazy' climate claims."

Why Liddell is likely to close in 2022, and why you shouldn’t care

Out of respect for wishes of the RSL and the family of an Australian energy pioneer, the newly formed bomb-throwing “ginger group” needs a new name. Since they’re not approaching the task with any apparent alacrity, I propose we go with the initials of Joyce, Abbott, Andrews, Abetz, Canavan and Kelly: JAAACK.

With a free plant, half price fuel and a strong market,
AGL are “killing it”, but they know the good times won’t 

As in, “you don’t know JAAACK about energy”.

Last week JAAACK threw what’s known as a dead cat on the table, essentially demanding that government subsidise the construction of a new coal power station – a position so preposterous that the disunity in the party would be front and centre this week.

What JAAACK might not know, or care to know, is that two Australian attempts to build coal power stations already failed this decade.

Read the story by Simon Holmes à Court from The Guardian - “Why Liddell is likely to close in 2022, and why you shouldn’t care.”