This gave the Abbott Government it’s first potential ‘trigger’ for a Double Dissolution election, which it had been threatening to force since failing to win a majority in both houses at the election last year.
The CEFC provides a critically important function in enabling Renewable Energy projects to get off the ground in Australia, investing $536M in 2013 and enabling projects worth more than $2bn to go ahead. These projects will generate abatements in excess of 3.8M tonnes of carbon emissions per year. Additionally the CEFC is profitable business in it’s own right, with a 7% profit achieved in its first 3 reporting quarters.
There are no ‘savings’ to be made by abandoning the CEFC.
Today’s posts title pretty much sums it up. At last years election the LNP were promising a to contribute $500 toward installing solar at 1,000,000 Australian homes.
Why has this $500,000,000 renewable energy policy been dumped?
I don’t remember seeing them campaign on ‘building more drones’. But there is at least $3,500,000,000 in the budget to buy 7 of them. That’s $500,000,000 per drone.
Sure camera drones help in protecting and keep an eye out for intruders but at the times of global crisis such as global warming and many other things I don’t think spending $500,000,000 per drone makes any sense. I’m happy with the camera drone I have(not comparing, just stating) for which I didn’t have to spend much but the same thing, when applied on a global level, makes no sense.
We do not need drones. We are not in the middle of a global war. We should never EVER ‘expect’ to be involved in such a war again.
I’ve never really been a fan of the patent-enforcement industry.
To me the idea of preventing a technological breakthrough from being used widely in society is counter-productive. The purpose of scientific discovery is not to line the pockets of investors, but to advance the efficiency and improve the lives of the whole human race, and indeed the lives of other animals too. So this is a smart move, in my opinion.