Let’s get “certainty” — dump the RET.
Chris Kenny in The Weekend Australian puts almost all the pieces together. This is self-sacrificial, pointless, and the RET is the problem because the subsidies allow renewables to drive out true baseload generation. The so-called hunt for “certainty” is a hunt for high prices because no one will speak the obvious “Dump the Renewable Energy Target”.
We are an energy-rich nation. Last year we exported 388 million tonnes of coal (valued at $35 billion) to supply affordable and reliable energy to countries such as Japan, China, South Korea and India. Our liquefied natural gas exports are doubling from 30 million tonnes a couple of years ago to almost 80 million tonnes (valued at $42bn) by 2019.
Australia also remains one of the largest exporters of uranium…
While we happily export our energy advantage, we have deliberately sacrificed it at home.
Turnbull — doing exactly the wrong thing after Trump won:
Astonishingly, less than a day after Donald Trump won the US election promising to abandon Paris, Malcolm Turnbull announced Australia’s ratification. The Prime Minister thumbed his nose at the obvious opportunity to hold out, see if the US withdrew (as it has) and perhaps forestall our own commitment.
The accord is dramatically weakened without the world’s largest economy, especially given other powerhouses such as China and India will continue to increase their emissions. (Ironically, perhaps no country is making a greater contribution to emissions reductions than the US through its innovation in areas such as fracking and battery technology.)
As Andrew Bolt says: New coal-fired power stations: World 621, Australia zero. Now understand?