Wind doesn’t supply any power. Backup grid required to be built for when the wind isn’t blowing hard enough.
Bill Shorten: ready to swing 50% RET wrecking ball.
Australia’s renewable energy policy is already a disaster. But Labor’s Bill Shorten promises total catastrophe with his National 50% RET.
In yesterday’s post, STT picked up on economic analysis put forward by Dr Brian Fisher, which provided a wake-up call to Australians.
The economic cost of current so-called ‘climate and energy policy’ is in the tens of billions, in terms of reduced growth, lower incomes and higher unemployment.
Should Bill Shorten snatch government come May, his Labour/Green Alliance will introduce a giant carbon tax (aka a mandated cap on carbon dioxide emissions) along with a 50% RET – ie the same policy that throttled South Australia and turned it into an international laughingstock.
On that scenario, the economic cost will be in the hundreds of $billions and the results from blue-collar workers (once championed by the ALP) will be an unmitigated…
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Utopia, you are standing in it! 
Feb 25, 2019 @ 19:45:32
Jim,
If you are highlighting this rubbish then you support it.
Like Catallaxy they do not like criticism.
Like Catallaxy they are quite ignorant.
I won’t tell you the costs again but renewables are significantly cheaper that new coal.
something that fisher did not know or simply lied about. By the way it wasn’t all that long ago fisher said renewables would never be competitive by 2030.
If one does not know this then do not write about the subject
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Feb 26, 2019 @ 06:29:00
So they are 50% more expensive that existing coal as shown by the conversation fact check
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Feb 26, 2019 @ 09:40:27
err no.
Origin Energy has stated new solar is the same cost as old coal stations and wind slightly higher.
The only thing more expensive than new coal in nuclear
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Feb 26, 2019 @ 09:45:47
You previously said wind was cheaper
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Feb 26, 2019 @ 09:59:19
I did not mention wind,
old coal and new solar is $40 MW/hr wind is $50 MW/hr.
The two advantages they have are:
Costs are still falling
easy and quick to install farms and batteries
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