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I wonder naively why a country like Australia (lots of sun and land and raw material) doesn’t go all in for solar and batteries. Print a bunch of QE money and i

I wonder naively why a country like Australia (lots of sun and land and raw material) doesn’t go all in for solar and batteries. Print a bunch of QE money and invest it in building infrastructure to create store and export energy from solar (ship charged batteries? Under sea electric cables?). It would boom the local economy while creating a long term asset and help the planet. Assuming the panels can be made, constructed and installed without too much environmental impact.

tomtomau 7y ago
Politics and lobbying mostly I'd guess. Resources sector are the major donors to the two major parties. Resources supported boom growth through the 2000s but we didn't do a great job transitioning to "new technology industries". There is a national debate on the outcome of the Adani coal mine which in oversimplified terms is willing to risk X0,000 tourism industry jobs to save X00 resources jobs. "Australians are good at two things, digging things up out of the ground and selling property to each other"