Australia has 'fundamental comparative advantage'(s) as a future renewable energy export powerhouse which won't easily be overcome by potential overseas subsidies says Professor Frank Jotzo.

Engaging in a subsidy race is fraught and risks wasting public money. Jotzo writes that "...care is needed in deciding whether, what and how to subsidise, and any subsidies given should pay future financial benefits to the Australian public."

Read the full article here at the Financial Review.