Last thing we need: costly climate ‘virtue signalling’
/Alan Moran, The Spectator Australia, 10 March 2020
Desperate to attend the September 2020 Glasgow climate change summit with a positive program, the Coalition government continues to promote, at the expense of national living standards, elitist-appealing measures that force lower greenhouse gas emissions.
The new elixir is to boost investment in CO2-free hydrogen technologies which, if not mystical, hardly require funding from Australian taxpayers. New support measures add to the $1.5 billion annual funding of a bewildering acronymic gaggle of institutions (including CEFC, ARENA, CER and CSIRO) and at least $2 billion in subsidies to wind and solar.
The Glasgow meeting is the third phase of climate change programs.
The first phase was established by the Kyoto Agreement in 1997, in which rich nations pledged to stabilise their emissions. Although only ..... Read more