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Wednesday, February 28, 2024

Dr Andrew Forrest says Climate Trigger and Carbon Solutions Levy needed as well as ending fossil fuel subsidies

At the National Press Club of Australia Iron Ore magnate  Dr Andrew Forrest AO proposed three simple policies for Australia to become become a green energy superpower:

  1. Implement a Climate Trigger for new projects; a “Best for Australia” test which explicitly considers climate impacts when approving new major projects.
  2. Replacing fossil fuel subsidies with an equally powerful green energy subsidy well before 2030.
  3. A Carbon Solutions Levy that would apply to 100 odd major fossil fuel projects in Australia and fossil fuel importing.

“Not changing is not an option, because green energy is lowest cost energy in any Australian home,” Dr Forrest said.

He called for the politicians that represent the Bush to stop taking an ideological line over climate solutions and "to stop dividing us with the false hope that we can cling to fossil fuels forever". He also labelled the Coalition’s push for nuclear energy “bulldust” and a “new lie” that would delay the clean energy transition and harm regional Australia.