Why it’s important: Australia’s low cost resources can make it a clean energy superpower, Garnaut and Sims argue
Context: A superpower would require many times the volumes of clean energy envisaged by the faltering transition
What’s next: Forceful new policies are required to create the clean energy needed to deliver the superpower
Policy experts Ross Garnaut and Rod Sims will call on the government to bring in a $100 billion a year carbon levy by 2030 and shake up transmission companies and a key energy investment scheme to help Australia turn around a decade of falling incomes and grasp its chance to become a clean energy superpower.
They will concede that resurrecting the ghost of the carbon price looks a tall order after a quarter-century of “climate wars”, but they argue their package is a contemporary version of the 1980s Hawke-Keating reforms and the minimum required for Australia to restore productivity growth and regain its lost prosperity.
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Ben Potter was a senior writer at The Australian Financial Review.
