Green ideas gone bad

by Richard Denniss in The Canberra Times
Originally published in The Canberra Times on December 9, 2011

The road to fiscal recklessness is paved with green intentions as poorly designed climate policy could cost ACT taxpayers millions. It is rare in public debate that you can enter a fight knowing that you can’t possibly lose. Sadly, the same cannot be said for the taxpayers of the ACT, who will likely waste hundreds of millions of dollars on well meaning, but poorly designed, climate policy. But before I explain why the ACT’s road to fiscal recklessness is paved with green intentions it is useful to first consider a more obvious case of good ideas gone wrong: the mining tax Mark II.

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