The list of friends for Tony Abbott’s Direct Action Plan continues to shrink. The Australian Industry Greenhouse Network (AIGN) which co-ordinates, among others, the mining and manufacturing industry’s response to climate change issues has rejected the Opposition’s plan saying it would cost far more than the Coalition has claimed. Opposition Leader Tony Abbott responded by saying that the amount of money they would spend on direct action was capped. If the Coalition has capped the scheme and will not increase the funding then it is unlikely there will be enough money to reach their five per cent emission reduction target. This leaves the possibility that emissions will actually rise under the Coalition’s scheme, which puts him further at odds with climate scientists. With industry joining economists and Treasury in openly disputing the costs of the Direct Action Plan, domestically there are few left that support it. Internationally, Mr Abbott finds himself at odds with many of those who he might usually consider philosophical allies. His rejection of a market-based solution in favour of a big government spend-a-thon is at odds with centre-right philosophy.
Related documents
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
5 ways and 63 billion reasons to improve Australia’s tax system
With a federal election just around the corner, new analysis from The Australia Institute reveals 63 billion reasons why our next Parliament should improve the nation’s tax system.
The great greenwashing myth being sold to Australians
Nobody likes to be hoodwinked, but that’s what big companies are essentially doing when they engage in greenwashing – giving consumers the false impression they have business practices that help the environment instead of harming it.
Business groups want the government to overhaul the tax system? Excellent – we have some ideas.
The landslide win by the ALP has seen business groups come out demanding the government listen to their demands despite having provided them no support, and plenty of opposition, over the past 3 years.