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Or do a Norway and partially nationalise coal production for export while investing profits into renewable for domestic supply.

hfucvyv 3y ago
Why would the coal industry vote for that?
rebuilder 3y ago
Sounds like something the coal industry would fight even harder
- BLKNSLVR 3y ago
  During Australia's mining boom in the early 2000's, the government was making tax dollars hand over fist. What they did was then offer all kinds of tax cuts that Australia couldn't really afford long term. Better explained here: https://www.smh.com.au/opinion/federal-budget-hangover-peter-costellos-to-blame-20150605-ghhah3.html https://www.smh.com.au/opinion/federal-budget-hangover-peter... Basically, they purchased popularity. Australian politics has neither the willpower nor the foresight to battle either the coal or the fuel lobby. The current government has already started watering down its initial fuel efficiency standards: https://www.abc.net.au/news/2024-03-26/vehicle-efficiency-standard-climate-laws-watered-down/103634042 https://www.abc.net.au/news/2024-03-26/vehicle-efficiency-st... Although an unintended consequence tax write off (which saw a massive percentage increase of US style 'trucks' on Australian residential roads) is being cut back: https://www.smh.com.au/politics/federal/hate-all-the-monster-utes-on-our-streets-your-tax-dollars-helped-pay-for-them-20231022-p5ee5v.html https://www.smh.com.au/politics/federal/hate-all-the-monster... Australia goes incredibly slowly in the right direction because Australians, like most Western countries' citizens, as-a-group, have their heads in the sand about the effects of the lifestyles to which they've become accustomed have on the world around them, and they're ably supported in this thinking by irresponsible media and opportunistic politics/politicians.
deleted 3y ago
[deleted]
pydry 3y ago
Norway is the only country in the world that is filthy rich in natural resources that has somehow prevented it from fucking them up politically. Theyre clearly doing something right but it's something nobody else seems to be able to replicate. Iraq, Libya, Saudi Arabia, Subsaharan Africa, Venezuela, etc. - this is what it is typically like to be very, very rich in natural resources. Even Australia's political system has been badly affected by being resource wealthy - look at the influence Gina has.
- hackerlight 3y ago
  This is the resource curse.
kwhitefoot 3y ago
You don't even have to nationalise it. Just tax it properly.

hfucvyv 3y ago

Why would the coal industry vote for that?

rebuilder 3y ago

Sounds like something the coal industry would fight even harder

BLKNSLVR 3y ago
During Australia's mining boom in the early 2000's, the government was making tax dollars hand over fist. What they did was then offer all kinds of tax cuts that Australia couldn't really afford long term. Better explained here: https://www.smh.com.au/opinion/federal-budget-hangover-peter-costellos-to-blame-20150605-ghhah3.html https://www.smh.com.au/opinion/federal-budget-hangover-peter... Basically, they purchased popularity. Australian politics has neither the willpower nor the foresight to battle either the coal or the fuel lobby. The current government has already started watering down its initial fuel efficiency standards: https://www.abc.net.au/news/2024-03-26/vehicle-efficiency-standard-climate-laws-watered-down/103634042 https://www.abc.net.au/news/2024-03-26/vehicle-efficiency-st... Although an unintended consequence tax write off (which saw a massive percentage increase of US style 'trucks' on Australian residential roads) is being cut back: https://www.smh.com.au/politics/federal/hate-all-the-monster-utes-on-our-streets-your-tax-dollars-helped-pay-for-them-20231022-p5ee5v.html https://www.smh.com.au/politics/federal/hate-all-the-monster... Australia goes incredibly slowly in the right direction because Australians, like most Western countries' citizens, as-a-group, have their heads in the sand about the effects of the lifestyles to which they've become accustomed have on the world around them, and they're ably supported in this thinking by irresponsible media and opportunistic politics/politicians.

deleted 3y ago

[deleted]

pydry 3y ago

Norway is the only country in the world that is filthy rich in natural resources that has somehow prevented it from fucking them up politically. Theyre clearly doing something right but it's something nobody else seems to be able to replicate. Iraq, Libya, Saudi Arabia, Subsaharan Africa, Venezuela, etc. - this is what it is typically like to be very, very rich in natural resources. Even Australia's political system has been badly affected by being resource wealthy - look at the influence Gina has.

hackerlight 3y ago
This is the resource curse.

kwhitefoot 3y ago

You don't even have to nationalise it. Just tax it properly.