Green industry yes, conservation no: a budget for people, not for nature

By Timothy Neal, Senior lecturer in Economics / Institute for Climate Risk and Response, UNSW Sydney

Last night’s budget is another missed opportunity to arrest the poor and deteriorating state of the Australian environment.

Subsidising green industry in Labor’s Future Made in Australia policy may offer economic advantages if implemented well, but there is nothing in this budget to help address the immediate environmental crisis facing Australia.

The story so far

After being elected in 2022, Labor made a number of good promises. The new government legislated an emissions reduction target…

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