Albanese government must match US on clean energy, Debelle warns

“The way the Inflation Reduction Act is structured, it is weighted toward the front end of the timescale which means that those who invest now will get a greater benefit from the Inflation Reduction Act funding.Hell of a lot of it”It accelerates the deployment but more importantly it gets us through the learning curve to reduce the actual cost such that, at a point in time over this period, it will become economic without subsidy.“I think that is a really big shifter.”Dr Debelle agreed with Mr Ashton’s comments, warning that Europe was adopting similar incentives, risking leaving Australia behind.“Australia has comparative advantage in renewable energy, we have got great sun and great wind, and we have a hell of a lot of it,” he said.“There is a risk in my mind because of the impact of the Inflation Reduction Act in the US and the similar mechanisms that are coming…

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