Critics argue that targeting green energy subsidies for cuts is politically motivated, as nuclear submarines and diesel rebates offer a stronger economic case for reduction.
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EVs and home batteries are in Treasury crosshairs despite a better economic case for scaling back nuclear-powered submarines and diesel fuel rebates for miners Get our breaking news email, free app or daily news podcastAs Jim Chalmers, the treasurer, comes under increasing pressure to fight inflation by slashing spending in the mid-year budget update, the drumbeat is loudest for cuts in one specific area: green energy subsidies for households.Receiving the most focus is the cheaper home batteries program, which from July last year has offered a taxpayer-backed 30% rebate to households and businesses. Continue reading...
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