Économie
There’s more than a whiff of politics to the sudden call to slash Labor’s green energy subsidies
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
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As 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.
