Mr Albanese is announcing a new protectionism with the government driving a ‘new competition’ approach centred on a Net Zero energy policy. It is to combine ‘market tools, with government action’ with the economy no longer ‘being left to market forces or trusted to the invisible hand’. This is billed as a step change but it is more like a continuation of regulatory and direct subsidy measures accumulated in a 20-year government-propelled ‘transition’ of the economy from coal to wind and solar.
Starting small with John Howard’s ‘Mandatory Renewable Energy Target’, by 2016 subsidies to wind and solar had risen to $4.9...
Already a subscriber? Log in
Get 3 months of digital access, absolutely free
Subscribe to The Spectator Australia today to get the next 3 months of unlimited website and app access for free.
- Full access to spectator.com.au and spectator.co.uk
- The Spectator Australia app, on Apple and Android
- Podcasts and newsletters, including Morning Double Shot
- Our archive, going back to 1828
Comments
Get 3 months of digital access, absolutely free
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
CLAIM OFFER 3 months freeAlready a subscriber? Log in