Carbon taxes, real or false, are not going to get the job done
The idea is to cut the cost of clean energy, not make everything else more expensive. There are global breakthroughs when the challenge of unique national circumstances is acknowledged.
COP26 ended like so many before it. There were largely unexpected and powerful achievements, like a common emissions-reporting framework, a coherent framework for crediting and trading offsets, and a vastly increased emphasis on technology.
At the same time, the parties couldn’t fit the unique circumstances of 196 countries – developed and developing – within a single template for ambition.
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Angus Taylor is Shadow Treasurer. This is an edited excerpt from his Warren Hogan Memorial Lecture given at the University of Sydney on Wednesday evening. Connect with Angus on Facebook and Twitter.
