It is unbelievable.....and disgraceful. 2000 jobs gone already.
https://newmatilda.com/2015/04/21/green ... rgy-sector
You get the impression the Coalition is quite happy that negotiations have stalled. No deal on the RET means the renewables industry stays in limbo, killing investment and destroying the medium-term prospects of the sector. Meanwhile, carbon permit-free coal makes windfall profits. And Macfarlane doesn’t even have to do anything. He can just fiddle while the renewables sector burns.
If this wasn’t the Abbott government, and we weren’t talking about renewable energy, it would be difficult to believe. Imagine a government that set out, quite openly, to destroy an entire sector of business activity, for purely ideological reasons – breaking an iron-clad election promise in the process.
But that’s precisely what’s happened in renewable energy, which depends upon the RET to leverage new investment into the Australian grid. It might be the biggest scandal in economic policy in recent history – and almost no-one seems to care.
In recent days, the Coalition has been banging on about Melbourne’s doomed East-West Link, and the supposedly dire consequences for international investment that cancelling that road project will bring. And yet here is an example of sovereign risk that dwarfs anything in urban infrastructure.
But that’s the Abbott government for you, where ideology trumps reason every time. After all, the liberal task of deliberation and compromise is so uninspiring. It’s much more fun to destroy an entire industry, while you toss some money at Bjorn Lomborg, and watch the lefties get outraged.