Abstract
The Publication in April 1988 of the document, Energy 2000: A National Energy Policy, was a landmark, since this was the first clear statement of the Australian Government's energy policy. Previously, Federal Governments had been content to tax domestic crude oil production to the level of the world oil price – so-called import parity pricing – at some benefit to the Revenue, with few other initiatives. After outlining the importance to Australia of the energy sector, this paper examines critically the elements of energy policy as stated in the document, with particular emphasis on policies for energy conservation, in some aspects of which Australia lags behind other industrialised countries. The paper concludes with some suggestions for changes to the stated policies.

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