Treasurer Scott Morrison has warned chopping and changing government policy, such as ditching the Renewable Energy Target, could cause sovereign risk.
Treasurer Scott Morrison has defended the federal government’s 23.5 per cent renewable energy target, warning of a sovereign risk if it kept changing.
Responding to Tony Abbott’s call to scrap the RET, Mr Morrison noted the target was amended under the former prime minister’s watch.
“When you put in laws … if you put them in one day, and you change them the next day, what do you think people investing are going to do and thinking about the stability of government policy? That’s called sovereign risk,” he told Ray Hadley on radio 2GB on Monday.