Question

the new government are important markers ​

Answer 1

Answer:

The government would be looking for the private sector to put in four or five times as much as it invests in research and development of particular technologies to reduce emissions, Energy Minister Angus Taylor says.

In a speech on Friday, released in part ahead of delivery, Taylor lays the groundwork for the “technology investment roadmap” to be released soon.

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Answer 2

Answer:

The new governments are important markers are as follows:-  

• 1. Value judgements: Many people want a particular intervention because of their own vested interests.  

• 2. Changing prices to change incentives and behaviour: PED has a big effect on the effectiveness of policy  

• 3. Social science: The effects of intervention cannot be forecast with great accuracy — people's behaviour is subject to change  

• 4. Combinations of policies: One single intervention is unlikely to produce a solution to deep-rooted problems — build a variety of policy options into your discussion e.g. policies that work on market demand and market supply  

• 5. The power of markets: Market forces can be powerful in finding profitable solutions to problems  

• 6. The 'law of unintended consequences': Intervention does not always work in the way in which it was intended or the way in which economic theory predicts it should.