The claim: Rising electricity prices due to the RET are a key contributing factor to the decline of manufacturing in Australia. Let’s check the facts…
Tag: "renewable energy target"
In their latest displays of breathtaking ignorance, Tony Abbott and his coterie are acting on what was once implicit: that Direct Action is a construct of a party that simply doesn’t accept the science. Meanwhile in Germany, the two biggest political parties have signed a deal to increase renewable energy targets for 2020 and 2030.
The goal of having 100 per cent renewable energy is no longer a mere aspiration, it could be inevitable. The plunging technology costs of wind and solar have unleashed economic forces that could be unstoppable.
Grant King’s new attack on renewables – and the carbon price – was expected by most in the industry. It underlines the fear that Australia’s utilities are not ready to evolve, unless there is strong political leadership. Sadly, there is not much chance of that.
The Coalition is full of ill-informed anti-renewable energy rhetoric, and there is huge pressure – from outside forces and within its own ranks – to take action to curb its expansion. So what are the ways that Tony Abbott’s team could effectively kill the development of renewables in Australia?
The utility has signed up to buy electricity and RECs from the 165.5MW, Goldwind-developed Gullen Range wind farm in NSW.
EnergyAustralia reports sharp fall in earnings as demand slumps due to impact of renewables, rooftop solar and energy efficiency. It says any float will be put on hold until it can address these issues. But help may be at hand, with the star recruit for the Coalition suggesting that gas be included in a diluted Renewable Energy Target.
The battle over renewables gets dirty; coal miners hang grimly onto concept of baseload power; Macquarie’s disappearing balance sheet; why vested interests can’t win; and why our appliances are getting smart and cheap to operate.
As well as being ill-timed, the suggestion that the RET be scrapped and replaced with a reverse auction system has three key weaknesses.