Not sure of the ‘tipping point’ in Australia, but amid higher taxes, a slowing economy, and a wildly unpopular tax on carbon emissions — the Australian national election yielded a changeover from six years of Labor Party rule to the relatively conservative Liberal Party.
Their new Prime Minister Tony Abbot is already moving forward with one of his promises to streamline the government bureaucracy and cut down on expenditures.
The Climate Commission has been scrapped and billions of dollars in renewable energy funding effectively frozen as the Abbott government moved swiftly to wind back Australia’s climate change response, as promised.
Scrapping the Climate Commission is expected to save taxpayers $580,000 this financial year and $1.6 million in following years. …
The changes to the commission came as the government pursued plans to wind up the $10 billion Clean Energy Finance Corporation, created by Labor to fund renewable energy projects that would otherwise struggle to get commercial backing.
The commission was only just created in 2011 by previous Prime Minister Julia Gillard.
Just as in the United States, Australia had rushed forward into bolstering untested and even market-rejected energy projects and quotas in the name of green energy, which then actually ended up pushing the government further into debt while jacking up energy prices for consumers and making people poorer.
Robust economies, not top-down government fiat, are the only things that are ever going to bring about the innovations and efficiencies the world needs to get more out of its natural resources and develop alternative technologies.
Australia has taken a step toward returning energy to a ‘free market’. Will America have the intelligence and the will to do the same?