Opinion
Garnaut-Sims power plan is big on ambition, short on logic
The $100 billion carbon tax proposal would penalise Australians, deter greener energy switches in Asia, and be impossible to implement.
Richard HoldenEconomics professorRoss Garnaut and Rod Sims have proposed raising $100 billion a year of taxes on fossil fuels, used to try and make Australia a “green energy superpower” in an address at the Press Club last week.
One has to admire the ambition. And it’s true that an economy-wide price on carbon, rather than our current command-and-control approach to the energy transition, would be a big improvement.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Energy & climate
Fetching latest articles