The Coalition is right.

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Last week's carbon-emissions target will be costly for the economy. That is because it is far too low, not because it is too high.

The government is not spending anywhere near enough to transition to renewables. There is money in this for Australia. And the quicker the transition the less vulnerable our economy will be.

The trouble with the target - and all the targets before and after it - is that without money and action they are next to worthless.

The government is spending more money - about $12 billion a year - subsidising fossil fuels than it is spe

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