I am not sure that there are many people over the age of 30 who are wildly rejoicing at the Morrison Government’s decision to go to the UN climate conference COP26 in November to pledge a net-zero emissions target by 2o50. Net-Zero emissions will be both inflationary and industry ending. Barnaby Joyce was hardly clicking his heels in the air when he supported the Prime Minister’s policy and there are many others in the National Party who do not and their supporters in the rural sector are not happy.
Let’s look objectively at the difficulty. Can the government finance the changes with a net-zero budgetary impact? The...
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