Abbott’s London Address & Turnbull Back-Track
My Commentary yesterday accurately predicted that the scheduled AFR Energy Summit and Abbott’s address in London would spark active discussion on energy policy, which necessarily involves environmental policy too. The address at the AFR Summit by Environment Minister Frydenberg indicates that the Turnbull government seems to have made a start at determining what its policy will be, although even after the many statements that “it’s coming” it seems it will not be finalised until the end of the year.
Will Coalition’s TPP Hold?
Federal Parliament does not sit again until 16 Oct (and then only for one week) and I assume there will be a Newspoll tomorrow. With Turnbull’s inability to decide an energy policy and the National Party Conference rejecting a clean energy target and voting to eliminate subsidies for renewable, the Coalition’s TPP is unlikely to increase. Indeed, with the No votes increasing on same sex marriage (but still above 50%), and No voter former PM Howard highlighting Turnbull’s failure before the vote to (at least) publish proposed protection for those opposing official legislation endorsing SS on an on-going basis , these last two weeks are more likely to have produced a fall in the TPP. That would be “exciting”.
Our Power Bills
Today’s Australian says that the Renewable Energy Target (RET) of 23.5% by 2020 will not be changed as part of what is described as Turnbull’s overhaul of energy policy (see Renewable Energy Target). That target was reduced by Abbott when he was PM and the recent National Party Conference voted to “repudiate the central finding of the Finkel review for a clean energy target and eliminate subsidies for renewable to maximise the difference with Labor over surging power bills”, and hence to reject the Finkel proposed clean energy target of 42% of renewable energy by 2030. However, it appears that the halt to increasing the RET mainly reflects the mounting cost of the subsidies, which ran to a remarkable $2 billion just last year and which may already have reached the point where a continuation of the scheme would exceed the RET target without any new investment. There is a reference in today’s report to the likelihood of allowing more subsidies to those whose projects have not been completed. In other words the taxpayer is handing out money to a badly constructed scheme, not to mention the bad decision to have one at all before properly reviewing the basic need for it.
Turnbull v Abbott?
I suggested in yesterday’s Commentary that various developments, including the apparent praise for Dutton following his appointment as Minister-Designate for Home Affairs, continued to put Turnbull’s present leadership on shaky ground. This despite the fact that Turnbull himself made the appointment.
Today we find that The Australian has published the result of a special Newspoll, taken between 20-23 July, showing that 58 per cent of voters say Malcolm Turnbull has the best values and leadership credentials while only 23 per cent favour Tony Abbott. The survey also shows that Abbott is little favoured as a either a senior Cabinet Minister (23%) or as a commentator on important issues (17%). Even only 48% support him as a backbencher who makes no public comments, but with fewer Coalition supporters than those from other parties (see Newspoll on Turnbull Leadership).
Same Coalition Newspoll, Dutton’s Status Rises, Abbott Speaks Out Again
I suggested in yesterday’s Commentary that Turnbull’s activism over the past couple of weeks was a desperate attempt to help him survive as leader.
But while the latest Newspoll has put Turnbull 11 points ahead in the Better PM category (only 8 points ahead last time), there was no change in Newspoll’s TPP (still at 47/53 as it was a fortnight ago). Also, even though the Coalition’s primary vote did improve slightly (from 35 to 36), this is 6 points lower than it was when elected a year ago and still leaves unchanged the problem with the basic policy being pursued by Turnbull. Relevant here too is that Labor’s primary vote also increased to 37 (from 36) (see Newspoll 24 July).
Finkel’s Blueprint Not Acceptable Policy
This report was presented to the Prime Minister Turnbull and State Premiers at the COAG meeting on 9 June and the head of the reporting panel, Chief Scientist Finkel, outlined the main features to COAG. The panel of 5, incidentally, all seem to be science oriented with little or no economic back ground. And Finkel himself has no background in climate change analysis but accepts the dangerous warming thesis.
What Next for Turnbull?
Turnbull’s attempted recovery from declining polls appears to involve two immediate strategies. First, expose and publicise dubious activity by Shorten when he was head of the AWU. Second, attack the energy policy adopted by Shorten now that he is leader of the Opposition. This approach seems to have been welcomed by most members of the Coalition and praised by some in the media, both of whom reacted with comments to the effect “why the hell has he taken this long to point out the defects in Shorten as Labor leader” or words to that effect.
Labor at Precipice Edge
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