Opinion
Capacity scheme sounds grand, but it’s a political Band-Aid
Labor’s “two birds’ political strategy had been to promise that a rapid build of massed renewables would deliver both cheaper energy and environmental salvation. But not any more.
Matthew WarrenEnergy expertThe political challenge for the Albanese government on climate change is to reflect the ideological ambition of inner-city progressives while containing cost-of-living pressures on everyone else.
Until now, it has straddled this tricky political divide by promising an economic fantasy: that spending hundreds of billions of dollars on a new renewables-based grid would deliver both cheaper electricity and environmental salvation.
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