Political hot air clouds the bigger energy picture

Political posturing over energy and carbon abatement is distracting policymakers from achieving a balance between job creation, prices and investment. But vested interests are making it difficult.

Was it Paul Keating who said that if you want to know who is really trying, look to vested interests every time?

Nowhere is this better illustrated than in the RET-go-round. It is perhaps notable that Environment Minister Greg Hunt emerged in the past week to remind us the panel chaired by Dick Warburton is challenged in its renewable energy target review to “find a balance between jobs and investment and removing pressure on electricity prices”, not a balance between the 490 submissions it has received.

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