[ad_1]
At the heart of the government’s climate efforts is the Australian carbon credit unit system. And it’s badly broken.
The government is attracting lots of good headlines for its Victorian “rewiring the nation” announcement today — a $750 million loan for an interconnector between NSW and Victoria, and an end to the stalemate over who will fund the Marinus Link across Bass Strait, $1.5 billion for renewable energy funding, including offshore wind.
On the vexing issue of the approval processes that dog electricity infrastructure projects, there’s only a promise of “coordination” between state and federal governments.
The funding is significant and welcome, and a sharp contrast with the previous government, in which a lazy energy minister only got out of bed to devise ways to keep coal-fired power stations going.
Read more about the flawed Australian carbon credit unit system.
Already a subscriber? Log in to keep reading.
Or, register your email address for a FREE 21-day trial.
[ad_2]
Source link