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...