MORE than $1 billion of taxpayers' money was wasted on subsidies for household solar roof panels that favoured the rich and did little to reduce Australia's greenhouse gas emissions, a scathing review has found.
The review of the now scrapped federal government solar rebate scheme, conducted by ANU researchers Andrew Macintosh and Deb Wilkinson, also found the rebates did little to generate a solar manufacturing industry in Australia, instead sending hundreds of millions of taxpayers' dollars offshore.
Mr Macintosh, deputy head of ANU's Centre for Climate Law and Policy, told The Age yesterday the rebate had been ''beautiful politics, terrible policy''.
''I can't see there is anything to be gained continuing to subsidise rooftop solar PV [photovoltaics] in areas where households have easy access to the energy grid,'' he said.
Thursday, November 11, 2010
$1.1 Billion wasted on solar power
This should not be a surprise to anyone: