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Saul Griffith on a clean energy future

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The Importance of Market Design

We've already passed the threshold where it is a slam dunk investment for the Australian government to just subsidize the difference between the cost of gas vehicle and electric vehicle. And over 20 years on the timeframe, the governments can plan and think about budgets and money. They'd go into the red about $12 billion, Australian dollars, and we'd be saving $30 to $40 billion a year after 2030. So we might spend $25 billion to get there. We might only save $25 billion a year. It's still a good deal. This is how we have to think. It's about rearranging our relationships with debt, rearrange our relationships with money and capital. These are

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