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Uncle IRA, for Australia? Will it drive investment?

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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...





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