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.