Labor’s carbon tax won’t work, it will weaken the economy and worsen the environment.
The economic theory of carbon taxes isn’t the problem; but like many theories, real-world application is where it falls apart.
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Opinion
Labor’s cunning plan is to reform the Safeguard Mechanism will be bad for the economy and the environment. When local manufacturers close their doors, higher emitting markets will fill the void.
Labor’s carbon tax won’t work, it will weaken the economy and worsen the environment.
The economic theory of carbon taxes isn’t the problem; but like many theories, real-world application is where it falls apart.
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Original URL: https://www.afr.com/companies/energy/safeguard-mechanism-is-a-trojan-horse-carbon-tax-20230213-p5cjzc