The Morrison Government’s absurd position on climate change is slowly evolving. Gone are the denials about climate change replaced by a motley crew of rent-seekers. We’ve shifted from the coal fixation to a “gas-led recovery” which is twenty years too late and won’t work anyway given the gas supply cartel on the east coast. Now it’s about 2050 net-zero and carving up the pie among the mates accordingly. The media reports today that any net-zero acceptance will carve out trade-exposed emissions-intensive industries, including agriculture, a policy-driven by the Nats. Is such a thing possible?
The first observation we can make is that Labor’s carbon price did precisely the same thing. It wasn’t a great idea, doing serious harm to the efficiency of the mechanism, but that was the political reality.
Second, Climate Action Tracker is a good reference point:
Key findings