Scott Morrison has an honours degree in economic geography, and it shows. On Thursday the prime minister split apart the ministerial responsibilities for energy and climate, which were previously part of a united portfolio under Josh Frydenberg.
The new federal environment minister Melissa Price is now responsible for climate policy, whereas the incoming energy minister Angus Taylor has been described by Morrison as the “minister for getting energy prices down.”
Splitting the energy and environment portfolios may seem like a step backwards, given the significant greenhouse emissions produced by the electricity sector and other energy industries. But by separating two significant areas, Morrison is following good economic practice: creating a “dynamically efficient” economy.