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The AFR View

The Australian Financial Review (AFR) •
October 22, 2026 • 03:30:52 PM
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The troubled renewable energy scheme’s rising costs and delays show that Australia needs political discipline, planning and competence to build mega-projects.

The AFR View

The troubled renewable energy scheme’s rising costs and delays show that Australia needs political discipline, planning and competence to build mega-projects.

Data centre operators have vastly overestimated their social licence to build and underestimated the immense leverage ordinary citizens have over land and permits.

Institutional failures across the political system and other parts of society have undermined social cohesion and helped normalise political hostility and violence.

Allegations of mistreatment of women should be above all forms of political point-scoring. That includes being weaponised for internal factional jockeying.

What happens in Victoria over the next five weeks matters for the nation, both economically and politically.

Labor assumes the Coalition is too diminished and divided to mount a serious comeback. But an ailing economy has turned the Liberal Party into a wild card.

Ironically, the Greens’ obstructionism might save the government from crashing on the rushed, poorly thought-out crackdown on investment tax concessions.

We must take a clear-eyed view of the potential fallout if the technology fails to live up to the hype, or is knocked off course by changing market sentiment.

Australia needs to maintain supplies of legacy fuels while developing new sources of power to shore up the nation’s energy security.

It is significant that a second state government is now considering university amalgamations to engineer consolidation of the sector.

The Coalition will need to level with Victorians about the deeper budget cuts required and seek the election mandate needed to repair Victoria’s finances properly.

The institutional failure to restore low, stable prices and ease pressure on rates has come back to bite both the government and the RBA.

Investors’ data centre FOMO has clearly cooled, replaced by hesitancy to finance the huge capex costs of massive hardware fit-out required to train and run artificial intelligence models.

The event falling flat is also very much another sign of wavering global support for concerted international action to achieve a carbon-neutral world by mid-century.

Angus Taylor has gone big on headline cuts to try to play catch-up with One Nation while promising to do this in what he says is an economically smart way.

There may be a legitimate argument that innocent KPMG Australia partners should not be financially squeezed for misdeeds they had no part in or knowledge of.

Our latest poll shows that fewer people are buying the idea that more of the same from Labor will make a difference to key economic issues.

Allowing the tech giants to self-police the most consequential technology of our era requires blind trust that they will exercise fair judgment over the public good.

All things being equal, Labor messing up on the economy plays right into the Coalition’s traditional strength as a superior economic manager.

Private credit’s golden era was built on cheap money, soaring property values and abundant liquidity. That safety net has evaporated

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