Griffith Hack Clean & Sustainable Technologies


Free pollution permits a wasted opportunity by Justin Blows
September 9, 2009, 9:19 am
Filed under: Feature | Tags: , , ,

According this report, Prof. Ross Garnaut, the author of the Garnaut Report on the economics of climate change in Australia believes that giving away free pollution permits to heavy polluters will steal away the support for innovation in clean and sustainable energy technologies:

The biggest disappointment for the public interest has been the potential revenue from the sale of permits has been heavily committed to compensation of various interests and it hasn’t left space for large support for research, development and commercialisation of the new technologies

I think we may already be seeing the effects of the government’s weak position on cap & trade with events like the recent move of the Australian company Solar Systems in voluntary administration.  In our solar report, this company was ranked as Australia’s most innovative solar company.

The question must be asked:  Is the Australian government’s support for clean energy innovation sufficient to support Australia’s interests? 

Justin Blows

 

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