The PM has made a silly billion-dollar bet on solar panels
The price of solar panels has plunged and overseas makers are going broke, making it even more puzzling why the government is making a $1 billion taxpayer bet.
Prime Minister Anthony Albanese is gambling $1 billion of taxpayers’ money on manufacturing solar panels, under the guise of a “future made in Australia”.
These days, it seems “only” a billion dollars is the minimum a government thinks it needs to spend to seek a big announcement headline, while trying not to look completely fiscally irresponsible.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
