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The Australian Energy Policy Debacle

Author

Listed:
  • Frank Milne

    (Queen's University)

Abstract

For the past 20 years, Australia has introduced policies encouraging and subsidizing renewable electricity generation. Since the election of the Australian Labor Party government in 2022, these policies have been accelerated. We show that international evidence of the heavy cost of renewable energy projects has been ignored. Cost-benefit studies show that these projects cannot be justified with any reasonable price for carbon dioxide emissions. Consequently, the Australian economy has suffered greatly increased prices for electricity provided by the grid. In turn, this has increased the rate of deindustrialization in key industries, contributed to a cost-of-living crisis for consumers and made the country more strategically vulnerable.

Suggested Citation

  • Frank Milne, 2025. "The Australian Energy Policy Debacle," Working Paper 1540, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:1540
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    File URL: https://www.econ.queensu.ca/sites/econ.queensu.ca/files/wpaper/qed_wp_1540.pdf
    File Function: First version 2025
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    Keywords

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    JEL classification:

    • Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
    • Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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