This is the bet the Australian Government wants to play. Federal Energy Minister Angus Taylor stated on the ABC, 7:30 Report that industry policy was in part about “making bets”.
We won’t get into whether it’s a good idea or not for industry policy to be based on bets, or whether the bets should be taken by the private sector, risking their own money, in pursuit of some government policy goal, like an emission target. Instead, let’s look at the main bet, gas.
And it’s to the private sector we turn, and what we observe is that in the US the sector is giving up.
I was going to write about electric vehicles and vehicle policy in Australia
And I still might, but in the meantime some stories just need to be broadcast. The process…