Alan Kohler is one of Australia’s most experienced commentators and journalists. Alan is the founder of Eureka Report, Australia’s most successful investment newsletter, and Business Spectator, a 24-hour free business news and commentary website. He also hosts Inside Business, a half-hour Sunday programme on the ABC, is the finance presenter on the ABC News - and producer of the nightly graph (or two).
With Labor having problems with its carbon pricing scheme and the Coalition's Direct Action plan facing heavy criticism, it might be wise to build on our most successful climate policy – the Howard-introduced RET.
While trade battles continue to brew in solar, there's some good news seen in US wind linked to Warren Buffett and great news in the form of clean energy stocks soaring to heights not seen for a couple of years.
Expectations for the carbon price in 2015/16 have been slashed but Treasury remains confident – perhaps too confident – the price will rise strongly through to 2020. In the meantime, climate programs and assistance will take a hit.
Origin Energy CEO Grant King needs to be careful playing-up fears of industry exits due to carbon pollution policies. Such fears could drive government to reserve gas for domestic use to stave off LNG-induced gas price rises.
Despite today's move to scrap tax cuts from 2015, households will still be overcompensated for the carbon price. The public, however, won't grasp this reality, and the government really only has itself to blame.
Greg Combet and Greg Hunt are both partially right when criticising their opposing climate policies. In truth, if we are serious about shifting to a secure power system of the future, we need a local carbon price without linking to the EU ETS.