No election road out of Australia’s energy perdition
The election contest between Labor’s faltering subsided renewables policy and the Coalition’s nationalised nuclear pipedream does not inspire much confidence in the nation’s future energy security.
The road to Australia’s climate and energy policy perdition is littered with acronyms synonymous with failure.
It started with CPRS – the Carbon Pollution Reduction Scheme that Kevin Rudd proposed to tackle the “great moral challenge” of climate change, only to abandon it in 2010 after it was blocked by the Greens in the Senate. This was followed by the ETS – the Emissions Trading Scheme that Julia Gillard introduced in 2012 and which was subsequently repealed by Abbott government. Then there was the NEG – the National Energy Guarantee that Malcolm Turnbull proposed in 2017, which was abandoned after Scott Morrison took over as PM in 2018.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
