Australian taxpayers could save $7.8bn a year if diesel fuel rebates scheme was wound back

Energy experts believe weaning fossil-fuel industries off the rebate would push heavy industry towards using renewablesWeaning fossil-fuel industries off diesel fuel rebates could save Australian taxpayers $7.8bn a year, a move energy experts say would accelerate heavy industry’s pivot towards using renewables.Winding back old schemes like the diesel excise rebate was the next best measure should Australia fail to develop a carbon price policy, said Tony Wood, director of the energy and climate change program at the Grattan Institute. Related: Using hydrogen fuel risks locking in reliance on fossil fuels, researchers warn Continue reading...