Wind power uneconomic without much higher electricity prices

Tuesday 16 June 2026

When you are in a hole, stop digging.

Australia has spent countless billions subsidising renewable energy via the Capacity Investment Scheme, the National Reconstruction Fund (NRF), and a bunch of other federal and state government programs.

Over the past decade, taxpayers have heavily subsidised virtually every large-scale renewable project undertaken in Australia.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.