
John Howard recently resurrected old ghosts from the past that once inculcated misguided fears about moving too quickly on response to climate change. The two watchwords are “affordability” and “reliability”.
We may all remember well during the 2019 election campaign the journalist who screamed down the street after Bill Shorten, “What’s it going to cost, Mr. Shorten?”. The Labor leader was caught flat-footed because he hadn’t recently read reputable economist Warwick McKibben’s response to that very question. He estimated that it would cost just one per cent of GDP.
The question should have been, “What will climate inaction cost?” We have already seen in a series of weather events clustered between 2011 and 2022, the enormous cost of cleaning up after intense storms and raging fires. Insurance costs have gone through the roof as the government tries to give greater certainty to business as it works feverishly towards reaching acceptable emission targets in the near and medium future.
The Liberals need to realise that the ideology has no role to play anymore as more and more countries move away from fossil fuels. They have already had their electoral innards gouged out in metropolitan areas and to continue down a trodden path only pursued by a few Nationals will ensure they remain in opposition for the foreseeable future. As Oscar Wilde once said, “Some know the cost of everything but the value of nothing.”