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Critics wrong about our clean energy ‘superpower’ plan picking winners

We share concerns about arbitrary government intervention, but our carbon pricing model is designed to minimise those risks.

Ross Garnaut and Rod Sims
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We take comfort from the considerable discussion in The Australian Financial Review since our National Press Club presentation on Australia’s “superpower” opportunity that informed opinion agrees at least on the need for carbon pricing.

In criticising our proposals, the Financial Review’s economics editor, John Kehoe, emphasised the risks of arbitrary interventions which can result in wasted resources and rent-seeking behaviour.

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Ross Garnaut is emeritus professor of economics at University of Melbourne. His new book Let’s Tax Carbon and Other Ideas for a Better Australia is published by Black Inc with La Trobe University Press.
Rod Sims is a professor of public policy at the ANU. From 2011 to 2022 he was chairman of the Australian Competition and Consumer Commission.
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    Original URL: https://www.afr.com/policy/economy/critics-wrong-about-our-clean-energy-superpower-plan-picking-winners-20240416-p5fk46