Funding Australia's renewable transition isn't 'picking winners' - it's securing our future | Greg Jericho

Government support for green manufacturing is actually the easy part. To truly reduce emissions, we must stop digging up and burning fossil fuelsGet our morning and afternoon news emails, free app or daily news podcastLast week Anthony Albanese finally announced the government's major plan for the transition to a renewable energy economy. The Future Made in Australia plan was quickly derided by critics as "picking winners", in the misguided view that the market is better at deciding how to tackle climate change and that the market is in any way free or lacking distortions.It's an article of faith among many economists and commentators that governments should not try to "pick winners", despite the fact that Australia has a long and glorious tradition of doing so. Continue reading...