Academic economists in particular love an ”elegant” solution to a complex problem, but policy action is a messy, compromised business, that never starts with a clean slate and involves building coalitions around concrete policy proposals.
Ross Gittins basically puts it all down to economists thinking it is too hard, with messy policy outcomes. But why? Australia just needs to repeal the ban on nuclear power. Let General Electric build a production line of S-PRISM reactors and they can soon replace all our coal, and as we transition to electric cars after peak oil, even replace all our oil.
There is a ‘silver bullet’, and it is simple. And given S-PRISM’s could be cheaper than coal, we don’t even need a CRPS to do it!