Labor’s climate policy is a nightmare for taxpayers and consumers

The Australian Taxpayers’ Alliance (ATA), a 75,000+ member national grassroots advocacy group representing the nation’s taxpayers, today condemned the Labor opposition’s 45% emissions reduction target by 2030, $10 billion taxpayer-funded splash for the Clean Energy Finance Corporation, and $300 million solar energy handouts.

“The propositions outlined today are an out-of-touch throwback to the Rudd-Gillard-Rudd era that will slam Aussie families and businesses with higher electricity and tax bills.” Said Satya Marar, ATA Policy Director. “Polling which we commissioned in key marginal electorates, shows that a resounding majority of Australians want cheaper electricity, not taxpayer-funded corporate welfare which does nothing to mitigate climate change as Australia accounts for just 1.8 percent of global greenhouse gas emissions.

“The botched transition to renewables through forced top-down mandates and corporate handouts has slugged consumers with unreliable and expensive power. Meanwhile, emissions reduction targets have translated into proposed carbon taxes ‘by stealth’ which will make cars, fuel and consumer goods even more expensive for hardworking middle-class Australians struggling to get ahead.

“Government has no business picking winners by playing around with taxpayer money when different energy sources should compete on equal footing.

“The United States has significantly lowered its emissions by extracting and using more of its natural gas to the point where it is beating coal on price. Lifting the ban on nuclear power will also allow Australia to benefit in the long-term from cheap and clean energy with the quarter of a solar farm’s carbon footprint, according to the IPCC. These market-based policies can work alongside rapidly evolving solar, wind and battery storage technology to meet our international obligations without punishing ordinary taxpayers, businesses and consumers with even higher living costs than those we already face.”

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