My colleague Ric Brazzale and I have been involved in Australia’s energy and climate policy deliberations for several decades. Over our time we’ve seen -- and in a number of cases been directly involved in -- an array of weird, wonderful, downright ugly and utterly hopeless policy initiatives in the energy and climate space. Yet the key searing memory for both of us has been constant arguments with people more powerful than ourselves to get them to recognise a legitimate role for energy efficiency and renewable energy in our energy market.
Today we released a report lamenting, while also explaining, how Australia ended up with some the highest wholesale electricity prices in the industrialised world. We’ve achieved this miraculous feat while at the same time producing the developed world’s second most carbon polluting electricity in the world, second only to Estonia. And it has transpired after the Abbott government abolished the carbon price and wound back the Renewable Energy Target by a fifth. All done on the promise Australia would become a low-cost energy superpower.