"TheCommissions claim that it is too costly topreference the
development of domestic industry over imports is completely at odds
with contemporary reality and recent experience.These are no
ordinary economic times, Australia and the world are going through
an industrial revolution as we fundamentally restructure how our
societies are powered. Yet the Commission seem to think that its
just business as usual."
The Productivity CommissionsTrade and Assistance Review
is further evidence of the need to completely overhaul the
Commission, the Electrical Trades Union said today.
While the northern hemisphere swelters through record heatwaves,
the Commissions report completely overlooks the social cost of
inaction on climate change, by considering only the market price of
carbon rather than the broader cost of communities being devastated
by economic collapse or natural disasters.
ETU National Secretary, Michael Wright, said the Productivity
Commission was not up to the task of providing useful advice to
Government on energy transition.
"TheCommissions claim that it is too costly topreference the
development of domestic industry over imports is completely at odds
with contemporary reality and recent experience.These are no
ordinary economic times, Australia and the world are going through
an industrial revolution as we fundamentally restructure how our
societies are powered. Yet the Commission seem to think that its
just business as usual.
Revitalising Australian manufacturing will build clean energy
supply chains and deliver much broader social and economic benefits
than the simple cost of the carbon abated. Its almost like the
Productivity Commission completely missed the COVID pandemic, where
Australia was left completely exposed without masks, gowns and
gloves, because we had gutted our manufacturing industry in the
name of economic orthodoxy.
"Australias resilience, diversity, and security all depend on us
having robust supply chains and industrial capacity to respond to a
warmer, more uncertain world.
It is farcical for the Commission to suggest the Safeguard
Mechanism unfairly benefits companies that emit less than 100,000
tons of carbon per year.The entire point of the Safeguard Mechanism
is to provide a pathway for high emitting facilities to lower their
emissions.
"And when the commission suggests it is unfair to target climate
adaptation investments at specific sectors or regions you have to
wonder if this report is actuallysatire. Is the Commission
seriously suggesting that the lottery of the postcode or industry
you started in decades ago, means you should shoulder the cost of a
global energy transition? The commission would see the conti...
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