Is Labor’s green energy plan a Ponzi scheme or grid saviour?

Ahead of this year’s COP28 climate summit, the federal government announced its plan to expand the Capacity Investment Scheme and turbocharge investment in renewable energy projects.

Critics accused it of writing a blank cheque and creating a giant Ponzi scheme. But Climate Change Minister Chris Bowen said it was crucial to secure Australia’s future power supply and meet its clean energy targets.

This week on The Fin podcast, senior correspondent Jacob Greber talks about whether the government’s new plan will work, how much it will cost and what are the political stakes for the country’s ambitious climate change minister.

And Europe correspondent Hans van Leeuwen reports from Dubai on Australia’s role at this year’s COP28 summit.

Explore the big issues in business, markets and politics with the journalists who know the inside story. New episodes of The Fin are published every Thursday.