Australian economists advise PM Albanese against replicating the US Inflation Reduction Act's massive clean energy funding, emphasizing impact over scale.
Australia's top economists urge PM Albanese not to mimic the US Inflation Reduction Act's massive clean energy funding. The $400bn US scheme targets halving emissions by 2035, primarily benefiting US clean energy firms. While Australia doesn't need to match the US dollar-for-dollar, the economists suggest it should concentrate on the impact of its programs rather than the scale of spending.
March 17, 2024
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