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 renewables

Weaning 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.

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