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Flat White

Beware a blind charge to net-zero emissions

30 September 2021

6:35 PM

30 September 2021

6:35 PM

In the prologue to the UN Glasgow meeting on climate change, Treasurer Josh Frydenberg has been preparing the ground for an Australian statement announcing a goal of “net zero” emissions.  He is doing so on the basis of “if rape is inevitable lie down and enjoy it”, arguing that banks and investors are increasingly requiring net-zero and that there is increasing investor appetite for Australian renewable energy (wind and solar) with $35 billion invested in it since 2017.    

Left unsaid was that all that $35 billion in investment was made possible by the direct and indirect subsidies to wind and solar. 

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