THE AUSTRALIAN ENERGY POLICY DEBACLE

Frank Milne

No 2025-12, Development Discussion Papers from JDI Executive Programs

Abstract: For the past 20 years, Australia has introduced policies encouraging and subsidizing renewable electricity generation. Since the election of the Australian Labor Party government in 2022, these policies have been accelerated. We show that international evidence of the heavy cost of renewable energy projects has been ignored. Cost-benefit studies show that these projects cannot be justified with any reasonable price for carbon dioxide emissions. Consequently, the Australian economy has suffered greatly increased prices for electricity provided by the grid. In turn, this has increased the rate of deindustrialization in key industries, contributed to a cost-of-living crisis for consumers and made the country more strategically vulnerable.

JEL-codes: H54 Q2 Q3 Q4 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2025-11-24
New Economics Papers: this item is included in nep-ene, nep-env and nep-ppm
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Related works:
Working Paper: The Australian Energy Policy Debacle (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:qed:dpaper:4638

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