The environment barely rated a mention in this week’s budget, and the renewable energy industry was particularly hard hit. Funding cuts and spending deferrals came in at more than half a billion dollars. The National Solar Schools program was wound up. And Labor’s billion dollar promise to modernise the electricity grid to accommodate renewable power looks to be in trouble too.
Tagged with “electricity” (2)
Federal budget: environment battered, bruised and forgotten - Radio National Breakfast - 12 May 2011
A visiting British expert on the economics of climate change, Michael Grubb, argues that countries with higher electricity prices generally use proportionally less energy. Professor Grubb also says that after six years of emissions trading, the energy sector in Britain is complaining about ‘uncertainty’ when it comes to pricing carbon. That’s why the Conservative prime minister, David Cameron, is proposing to introduce a carbon tax later this year.