How we squandered our energy advantage

Poor policy decisions and a lack of focus on the efficient use of energy over decades are creating a competitive disadvantage – and leaving us saddled with higher power prices than need be.

Australia has a wealth of natural energy resources. Historically we attracted industry by harnessing our enormous coal reserves. We have abundant quantities of natural gas and uranium and, until a decade or two ago, we were largely self-sufficient in oil. Energy-intensive industry was attracted to Australia by low cost power and relatively cheap gas.

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