Rent-seekers, line up

Goodbye ten-billion Australian taxpayers dollars.

AUSTRALIAN companies will be guaranteed the chance to pitch for business  flowing from the Gillard government’s $10 billion clean energy fund that Labor  will announce today in an effort to sell the benefits of green jobs at home.

Climate Change Minister Greg Combet will announce today that the Clean Energy  Finance Corporation, which will provide grants and government investment to  green projects, will require candidates to show they are giving local firms a  fair go to supply parts and services.

Why won’t these people learn from the failures of others? Government is terrible at picking winners. Does Solyndra mean anything to Greg Combet?

When the criteria for subsidy allocation involves anything other than results, and the successful development of renewable energy (which translates into the profit motive for private investors), the chance of failure increases.

Under these plans, which are already used by the resources sector in return  for tax breaks, projects have to demonstrate they have given Australian firms  ”full, fair and reasonable opportunity”.

A wind farm, for example, might have to show it has offered Australian firms  the chance to supply the turbine towers.

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About Climate Nonconformist

Hi, I'm the climatenonconformist (not my real name), and I am a global warming skeptic, among the few in generation Y. With Australia facing the prospect of a carbon tax, we need to be asking the simple question; where is the evidence that our emissions are causing any dangerous warming?
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