A zero-sum carbon game

Australia's policymakers could save $10bn if they learnt from Germany's carbon policy mistakes and realised there's no point subsidising carbon emission reductions if total emissions are capped anyway.

As Groucho Marx once put it, you have to learn from the mistakes of others because you can never live long enough to make them all yourself. If Australian policymakers heeded his warning they could save the $10 billion they are prepared to commit to the Clean Energy Finance Corporation.

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