The Chairman of the Productivity Commission chairman Gary Banks has warned against subsidising alternative energy sources.Â He saysÂ “most of the programs in question serve more as industry assistance than environmental assistance”.
He says that a carbon tax will have significant implications for productivity.
We are already paying for the subsidies for Solar Panels and Wind Power with higher electricity prices. The poorer people in Australian society are now paying for the trendy subsidised solar panels installations of the wealthy, and the expensive green dreams of inner city Sydney andÂ Melbourne, of wind generators everywhere.
The threatened carbon tax proposed by the Labor/Green alliance will only further increase those electricity costs of Australian consumers. As well they will increase the power costs of Australian industry, that competes against overseas companies with cheaper power costs.