Labor and Greens claim important win as climate repeal bills separated. Government continues to brand CEFC as ‘highly speculative’, while Labor accuses the Coalition of creating a new slush fund, and the Greens accuse it of acting out of ‘ideological spite’ and climate denial. So much for a bipartisan approach to climate!
WA has indicated it would prefer to subsidise wind farms and solar installations in the eastern seaboard, rather than building new ones in its own state. That is so it can protect the interests of incumbent fossil fuel interests, including those paid to build generation plant which will never be switched on.
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?
It seems everyone is in agreement about the market impact of renewables and their effect on fossil fuels – they lower wholesale market prices and put coal and gas plants out of business. Where opinion differs is on whether this is a good thing for the industry and consumers, or a bad thing. As a cricketer would observe, it’s a spinner’s wicket.
The utility has signed up to buy electricity and RECs from the 165.5MW, Goldwind-developed Gullen Range wind farm in NSW.