GRACELIN BASKARAN: Truss stakes her claim for Trump-style economic genius
UK premier argues land should be for ‘fantastic produce’ from livestock or crops and ‘shouldn’t be full of solar panels’
The accelerated transition to renewable energy has become a highly politicised matter. But as governments and central banks alike have had to reckon with the fact that inflation has become transitory, rather than transitionary, renewable energy should be viewed as a key, but unconventional, inflation management tool.
The politics of it are nauseating. In the US, Donald Trump scrubbed the White House website clean of the term “climate change” and promised to revive the coal industry. In Australia, former prime minister Scott Morrison promoted the expansion of fossil fuels, famously addressing the House of Representatives while holding a handful of coal: “This is coal. Don’t be afraid. Don’t be scared. It won’t hurt you.” And in Russia, to none of our surprise, Vladimir Putin voiced concerns that wind turbines are dangerous because their vibrations cause worms to “come out of the ground”...
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