Abbott passes new wind war

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From The Australian:

The Abbott government is being urged to strip billions more from subsidies to wind farms in the final report of a Senate committee that has already pushed renewable ­energy investment to favour solar.

In its recommendations, the committee says renewable energy subsidies for new wind farms should be limited to five years from more than 20.

It also wants the issue of renewable energy certificates restricted to projects in states that adopt federal regulations on infrasound and low frequency noise.

Why not adopt regulations on unicorns and bunyips.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.