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https://theconversation.com/economists-say-australia-shouldnt-try-to-transition-to-net-zero-by-aping-the-mammoth-us-inflation-reduction-act-225568>
"Australia’s top economists are pressing Prime Minister Anthony Albanese not to
ape US President Joe Biden’s “think big” approach to clean energy.
Biden’s so-called Inflation Reduction Act – dubbed the largest climate
investment in US history – directs nearly US$400 billion (A$605 billion) in
federal funding to support clean energy through tax breaks, grants and loan
guarantees. Its goal is to halve US emissions by 2035.
Among the biggest beneficiaries will be US firms producing hydrogen, wind
turbines, solar cells and batteries.
In the lead-up to this year’s May budget, Albanese said that, like in the US,
he wanted Australia’s government to be a partner in the energy transformation,
not just an observer.
He wanted to “think big”.
While Australia need not go “dollar-for-dollar” against the US and other
nations in the scale of its spending, it could go “toe-to-toe” on the impact of
its programs."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
