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At The Australian today Judith Sloan mulling a shift in energy policy:
The first thing to say is that delinking energy policy and emissions targets is a step in the right direction. The renewable energy sector claims the emissions cut of 26 per cent that is our Paris Agreement commitment will be met by the early 2020s. This is overwhelmingly because of the acceleration of investment in renewable energy, which has been the result of the distorting renewable energy target.
Taylor needs to accept this as a given and concentrate instead on prices and reliability. He also must be firm in signalling to the renewable energy sector that the days of subsidies are coming to an end.
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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.
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