down under

down under

Lessons Learned from Down Under

1w ago
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Carbon taxes and renewable mandates drive electricity prices up. The experience in Australia offers a dramatic example. Australia elected a new government with the mandate to repeal the carbon tax in 2014, which was estimated to cost the economy more than $20 million a day. Australia has some of the highest electricity prices in the developed world. The United States can learn a lesson from Down Under by rejecting costly proposed carbon rules on power plants. There is a far better path to achieve our energy, economic and environmental goals.