The second budget of the Turnbull Government continues their dire management of Australia’s energy and climate change policy.
Coalition isn’t really interested in funding new coal fired power stations, it wants to destroy investment in renewable energy and agencies responsible for driving the transition away from coal.
Resources Minister’s suggestion Australia could meet its climate targets by replacing ageing power stations with emerging ‘low emission’ coal-fired technology is an unrealistic fantasy.
In Australia, a live debate is underway that will dramatically alter Australia’s environmental and economic future.
The new energy minister must ensure that the northern infrastructure fund does not add to the excessive subsidies for the fossil fuel industry.
Tony Abbott seems unwilling to accept environmental rationale for action on global warming, but he will have to accept economic and geo-political rationales.
By ignoring one of the most important policy areas facing government’s globally – climate change – the Intergenerational Report has fallen over the first hurdle.