Has Biden’s green revolution done Morrison a climate favour?
Joe Biden’s aggressive global agenda gives Scott Morrison the opportunity to get ahead of the game. A politically digestible carbon price is needed to cut emissions at the lowest cost to the economy.
Have Joe Biden and his climate envoy, John Kerry, just solved Scott Morrison’s biggest political problem?
Kerry says failure at this year’s climate summit in Glasgow is not an option. He then spells out the requirements for success: “Countries must phase out coal five times more quickly than the current rate, increase tree cover five times more quickly, accelerate renewable energy deployment six times more quickly and transition to electric vehicles 22 times more quickly.”
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Alan Mitchell writes on economics, policy, and infrastructure. Alan was formerly economics editor of the Financial Review and has also worked for the ABC and The Sydney Morning Herald.
