Blowing Away Money

Mark Lawson

The Federal Government may have dumped (technically deferred) one nutty green scheme (emissions trading) but an equally nutty scheme remains in place – requiring electricity distributors to buy green electricity.

This scheme is nutty because no one has shown that green electricity supplied to an operating power network actually reduces emissions. The government, various green lobby groups and the mass of voters have simply assumed that it does. There are doubts about efficiency losses due to the whole network having to be retailored to accommodate renewables. And more doubts over just how much additional backup generator capacity will be required for intermittent power sources. These doubts are either ignored or dismissed as “myths”.

The Australian government has dived head-first into renewables with both eyes shut, and with the general approval of the voters, who mostly have no idea of what they have approved or how much it will cost. The government should drop the whole renewable energy scheme as too complicated and expensive and unlikely to save much carbon.

The full article: blowing-away-money.pdf [PDF: KB]

Mark Lawson is a senior journalist with The Australian Financial Review. He has written: “A Guide to Climate Change Lunacy – bad forecasting, terrible solutions”.
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