Climate Change and Energy Minister Chris Bowen and his entourage have added a few more tonnes of carbon emissions flying to the United Arab Emirates for the United Nations’ annual climate change jamboree but that green hypocrisy should be the least of taxpayer concerns.
Far more worrying is Bowen’s plan to turbocharge investment in renewables by beefing up his Capacity Investment Scheme (CIS).
The CIS is a dangerous debt trap that was cooked up to announce the week before Bowen struts the world stage in Dubai at the United Nations COP28 Climate Change Conference from November 30 to December 12.
The aim of...
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