Fossil fuel subsidies are a stupid idea. We aren’t so much decarbonising our economy as turbocharging its carbon intensity
Just as a fish can’t taste the water it swims in, it is hard for Australians to notice how bizarre our climate and energy policy debates have become. We have seemingly abandoned economics, climate science and even opinion polling when it comes to identifying options for reform. The only way forward is what the fossil fuel industry tells us to do. Imagine if we had taken that approach to tobacco control.
Think I’m exaggerating? Well, before I try to explain the absurdity of the Albanese government’s latest plan to subsidise the coal and gas industries, let’s take a quick tour of the climate and energy policy options that dare not speak their name.