Counting the Cost: Subsidies For Renewable Energy By Michael Wu. For all references and graphs, please download the publication at the centre for independent studies website where you can also become a member of CIS. As this paper is graph and data-heavy, it’s a good idea to have the paper open...

The federal, state and territory Energy Ministers have introduced a shadow carbon price for the national electricity market. This ‘value of emissions reduction’ (VER) sets the value of carbon abatement at $66 per tonne in 2023, rising six-fold to $420 by 2050. Costs will be passed onto consumers...