Australia granted a growth opportunity not seen since 1943, says respected economist | The Business
One of the nation’s most respected economists says the Albanese Labor government’s thumping election win gives it scope to undertake deep economic and tax reforms to set Australia up for lower unemployment, stronger productivity growth and an accelerated shift to renewable energy. In this interview for The Business, Professor Ross Garnaut addresses whether the government’s home battery subsidy program will impact grid-scale energy storage, the role of gas in the energy transition, and whether the government now has the authority to put carbon pricing back on the agenda. The University of Melbourne’s Emeritus Professor also says the Albanese Government could consider putting the mineral resource rent tax – repealed by the Coalition Abbott government – back on the agenda. Professor Garnaut says the government is in a very strong position to set Australia up for decades, just as the Curtin government with Treasurer Ben Chifley did after World War Two.
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