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The private sector is interested in making money. Lots of it and in the shortest possible time.
Unless a forward-planning Government sets targets and legislates direction, the environment will be wrecked.
Conceded that taxpayer-funded "incentives" leave much room for rorts and stuff-ups, I don't believe that the private sector is sufficiently altruistic to forego the easy money, nb: burn coal and gas; increase consumption, no matter how irreplaceable and wasteful!
The example set by axing the CEFC is IMHO tantamount to environmental vandalism.
Plus 10. IMO sums up the environmental madness of killing the CEFC.
There is no universe in which we don't have to migrate to clean, renewable energy sources if we are to survive. Doing it sooner rather than when we have exhausted our fossil fuels and ramped up greenhouse gas levels to dangerous heights seems totally sensible.