Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
The Environment Minister has given the first sign the government is undergoing a pragmatic rethink of its jihad on carbon reduction initiatives and institutions in light of Clive Palmer's Al Gore moment.
An open letter from 17 renewables companies urges the government to keep the Renewable Energy Target, saying any weakening of the scheme risked financial distress and potentially failure, and could see sovereign risk expand beyond the sector.
An open letter from renewables industry investors urges the government to keep the Renewable Energy Target, saying any weakening of the scheme will promote sovereign risk which could expand beyond the sector.
Both the Australian Industry Group and the Business Council of Australia are now making sounds that we still need an emissions trading scheme. Meanwhile consumer savings from repealing the current carbon price are hard to pin down.
In economics there isn't much difference between a carbon tax or a carbon trading scheme and neither are considered evil. But on 24 February 2011 when Julia Gillard said she was happy to use the word tax to describe her emissions trading scheme it made the world of difference and led to its subsequent repeal.