They need to quickly set a carbon price (or pricing mechanism) to allow would-be generators to invest. No doubt geothermal will be very competitive under these conditions.
Dithering on carbon pricing is what led to the situation in the first place. The effects could be felt on people's mortgages, which is a consequence politicians will be very wary of.
http://www.theage.com.au/news/business/delayed-projects-wait-for-carbon-price/2007/05/16/1178995236625.html
http://www.theaustralian.news.com.au/story/0,20867,21716404-20142,00.html
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