Who will be the business ‘winners and losers’ from the repeal of the ‘carbon tax’ under Australia’s new conservative Federal Government? This was a question I was asked in a recent interview for ABC TV’s The Business. You can see the resulting report here.
The ‘winners’ in this story should come as no surprise – mining and energy companies -especially those involved in fossil fuel extraction and consumption, which would no longer be required to pay for their greenhouse gas emissions. By contrast, the ‘losers’ were seen as those groups promoting renewable energy and seeking to wean us off our fossil fuel addiction. However, what struck me in participating in this interview are the incredibly short-term time horizons business people frame their decision-making within. ‘Winners’ are defined in terms of the immediate financial savings that result from changed legislation, rather than the strategic implications of continued high carbon emissions in a changing world.