Climate
Uncle IRA, for Australia? Will it drive investment?
The Inflation Reduction Act (Uncle IRA) in the USA is "a vast investment multiplier" for the renewables industry and Australia will be left behind if we don't adopt a similar scheme. Australian Treasury is considering a response to the IRA that would include tax benefits for renewables and energy transition projects. But we need it now - according Dr (Twiggy) Andrew Forrest.He is advocating: 1. Carbon emissions and global warming automatically be part of environmental assessments, 2. favourable status be given for renewable solutions and 3. a Carbon Solutions Levy to be applied.All good measures...
27 February 2024 by Jeremy Wright
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