Nothing like a bottle of red wine to solve problems so let's go.
Economy
The economy is weakening and monetary policy is clearly not up to the task and you really do not want wholesale rates to fall further given what would occur to retail interest rates.
So use Infrastructure Australia's list of prioritised projects to grease the wheels of the economy. It gives a short term stimulus and a medium term boost to productivity. given how low bond yields are you would be a dope not to do this
Climate
Working on a the assumption you cannot unscramble an egg we must rule our nationalising the electricity market.. so put a price on carbon so we internalise the social costs of carbon to the country. This allows the market to determine the solution. ( it will be renewables).
Adopt the EU policy on car emissions. This would reduce costs to car manufacturers exporting to Australia and reduce car emissions at the same time. A win/win
Water
Put a price on water for commercial use and let the market determine which industries will flourish and which will wither. Use recycling water for public use to insure against drought.
There easy peezy
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