Jul 25, 2014

Fossil fuel dinosaurs fudge the numbers to serve their interests (and save you 50c a week)

Fears about the impact of the RET on households have proved to be a furphy.

This is a full renewable energy catastrophe for Australia. After painting the worst possible scenario and factoring in the most gloomy technology cost estimates, the most virulent anti-green business forces in Australia have come to the conclusion that the Renewable Energy Target is having such a devastating impact that it is costing the average household — wait for it — drum roll … less than $1 a week.

For this, the Business Council of Australia, the Australian Chamber of Commerce and Industry, and the Minerals Council of Australia would like the Abbott government to risk its remaining political capital and scrap the RET, at the cost of thousands of jobs and billions of dollars of clean energy investment. But they have actually stopped short of making such a strident and politically untenable call. Instead, the three lobby groups have suggested the RET be adjusted to a “real 20%” target — a change that would still scrap billions of dollars of green energy, but would bolster the profits of existing coal and gas fired generator — and save households the grand sum of 50c a week.

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6 thoughts on “Fossil fuel dinosaurs fudge the numbers to serve their interests (and save you 50c a week)

  1. Pedantic, Balwyn

    “Treasurer Joe Hockey thinks wind turbines are “utterly offensive”; Tony Abbott fears they are growing like mushrooms and don’t work when the sun don’t shine and the wind don’t blow. Agriculture Minister Barnaby Joyce last year lamented the “insane lemming-like desire to go to renewables”.
    Says it all really! These ignorant, numskulls are running the country into the ground, excuse the pun! Hopefully the more they promote their climate change denying litany the more rapid will be their demise, or at least one term as the country turns green puking at their stupidity.

  2. CML

    When are the Aussie voters going to wake up and realise they have been done over by the big end of town?
    Anyone with half a brain should understand that once renewable energy sources are established, it is all ‘free’ energy from the sun, wind, wave and whatever. No more large energy bills, paying for the repetitive cost of coal, gas and other polluting inputs.
    Makes sense to me!

  3. Mark Duffett

    Not entirely ‘free’ forever, CML. Life expectancy of a wind turbine is less than 20 years, solar panels not a great deal more than that. Putting it another way, something approaching 5% of whatever non-hydro renewables fleet Australia ends up establishing will have to be replaced every year.

  4. AR

    Duffer – after 20-30 years, replacing 5% pa is a problem? We should be so lucky but at least the old sites won’t have to be sealed off from humanity & the environment for half Eternity.
    As always, the job producing factor of green energy is ignored because it doesn’t require big investments and infrastructure as do fossils such as yourself and your beloved nukes.
    Any redundant car worker or line tekky could whip out their spanners and install, repair and maybe even reinvent windmills, turbines and even turn an old fridge into a heat pump.
    Try doing that with a fancy MBA and a pack of flacks & hacks.

  5. klewso

    What do you reckon would happen if these captains started putting the greater good before their share-holder’s and thence their own (by way of remuneration)?
    Would it be the end of civilization as we know it?

  6. AR

    Klewi – re your rhetorical question, I’ll go with ‘YES, asap svp!’.

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