Gas price caps not ‘surprising’ as govt was considering them for some time

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The Australia Institute Ebony Bennett says the gas price caps as an “intervention” are not surprising as the government was considering them for some time.

“Providing such massive subsidies essentially to make gas and coal cheaper means people will use it more often and we’re gonna have more fossil fuels in our economy making climate change worse,” Ms Bennett said.

“So on the one hand this will help consumers in the short term, on the other hand the government’s probably not doing itself any favour trying to reach its emissions reductions targets in the long term.”

 

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Australia news live: Chris Bowen rejects claim energy price plan could fuel inflation; hospitals under pressureFollow the latest updates Don’t listen to the politicians, just look at your bills. To reduce the cost of living is simple..burning more coal! Anyone with basic economics knowledge will recommend against interfering with a free market. May not be popular but its the right 'adult' thing to do. Moving into a dangerous realm of price caps, favoritism ,never ending supply of subsidies and bailouts
Source: GuardianAus - 🏆 1. / 98 Read more »