The Government is modernising the electricity grid to help put downward pressure on power prices and support the transformation to a clean energy future. Rewiring the Nation will use $20-billion of low-cost finance to make much needed upgrades to our outdated electricity grid. This includes investing in Marinus Link to connect Tasmania's Battery of the Nation pumped hydro and renewables to the East Coast transmission network.
New investment in renewables generation and storage capacity will reduce Australians' exposure to international energy prices and help meet our emissions reduction commitments. It will also create construction jobs in regional Australia and fast track growth in sectors such as green hydrogen and battery production.
Powering the Regions: Renewable energy provides vast potential to strengthen the economic future of Australia’s regions, revitalise the competitiveness of traditional industries, and power new ones as part of the transformation to net zero by 2050. The Government will establish the $1.9 billion Powering the Regions Fund to help transform regional industries and help regional Australians access the economic opportunities of decarbonisation. Clear investment signals, such as the Government’s reforms to the Safeguard Mechanism, will support industry’s international competitiveness and Australia’s transformation into a renewable energy superpower.
Reducing Transport Emissions: The Driving the Nation Fund invests $500 million to help reduce transport emissions, including electric vehicle charging infrastructure at 117 highway sites and hydrogen highways for key freight routes. The Government will also ensure its fleet purchases and leases will be 75 per cent electric by 2025.
To cut taxes on electric cars and encourage their uptake, the $345 million Electric Car Discount will exempt eligible electric cars from fringe benefits tax (FBT) and the 5 per cent import tariff. For an electric car valued at about $50,000, the FBT exemption would save an employer up to $9,000 a year or, for an individual using a salary sacrifice arrangement, their saving would be up to $4,700 a year. Removing customs duties will also help the purchaser save up to an additional $2,500 if the car was previously subject to an import tariff.
Ensuring 75 per cent of new Commonwealth car purchases and leases are electric by 2025 will encourage more electric vehicles and help contribute to a second-hand market. The Government is consulting on Australia’s first National Electric Vehicle Strategy, continuing work to improve supply and uptake of affordable electric cars.
Community Batteries and Solar Banks :The $224.3 million Community Batteries for Household Solar Program will assist up to 100,000 households to reduce their power bills by delivering up to 400 community batteries to store excess solar energy for when it is needed most. The Government is also providing $102.2 million for the Community Solar Banks program to help up to 25,000 households access cheap solar-powered energy.
Skilling the clean energy workforce :The Government is addressing growing skills demands in the clean energy sector by committing over $100 million to the New Energy Apprenticeships and New Energy Skills programs. The programs will help apprentices acquire necessary skills by developing a new mentoring program and providing up to $10,000 for each apprentice in a clean energy role.

Questions:
1. Uses various inflation and unemployment theories to analyse and discuss the impacts policies on business and consumers.

2. Use various microeconomic theories to analyse and discuss the impacts of policies (technology and costs) on business and consumers.

3. Use various macroeconomic theories to analyse and discuss the impacts of policies on GDP.

Please note that the case study provides a range of policies. quote with referencing using any recognized referencing style and provide a reference

Answer rating: 100% (QA)

Analysing Australias Clean Energy Policies Impact on Businesses and Consumers This document analyzes the potential impacts of the Australian Governments clean energy policies on businesses and consume... View the full answer