False Energy Transition: The View from Australia (Nick Cater, Menzies Research Centre)
In the current ‘transition’, the process is reversed unless we are prepared to countenance the mass use of nuclear technology.
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In the current ‘transition’, the process is reversed unless we are prepared to countenance the mass use of nuclear technology.
The dire economic consequences of ambitious renewable energy targets are seldom allowed to enter the debate. Driven by central planners, cheered on by rent-seekers and underwritten by the taxpayers who will be its victims, Australia's net-zero green wonderland is supposed to be just 26 years away. Who do they think they're kidding?
Electricity prices are falling, decarbonisation is accelerating. No need for public subsidies for fossil fuel companies, despite their demands
Projected cost rises for major energy projects, from CopperString to Snowy 2.0, suggest the cost of the transition to net zero by 2050 will be more expensive than originally forecast.
Australian Energy Regulator chairwoman Clare Savage says a capacity mechanism is needed to ensure there is enough supply to avoid potential shortfalls when coal and gas exits the grid.