The Bitter Fruit of a Bad Green Marriage

Quadrant Online, 10 September 2018

Comments from Josh Frydenberg and Mark Butler  show that neither the Liberals nor ALP understand – or, perhaps more accurately, admit to understanding how carbon policies are destroying the economy. Both promote variations on a theme: subsidies to renewables and penalties on coal, which together  have brought uncompetitive prices. Mr Butler even repeats the shibboleth that without the National Energy Guarantee and its thinly disguised carbon tax, electricity prices, as per the latest model’s fabrication, will cost consumers $550 per year.

Mainstream Australian politicians are responding to a dominant scientific paradigm that says reductions in carbon dioxide emissions will save the world. The science is settled and all that. Only a quarter of these emissions result from electricity production, so it’s not as if the sector’s transformation to renewables could ever be a solution in itself to the planet’s alleged peril. Yet these measures are widely represented by politicians and lobbyists alike as key. Abatement policies remain in place notwithstanding the trivial effect that Australian reductions might have, especially when the developing world is taking no action and the US has withdrawn from Paris. ..... Read more