WHC 2.58% $7.95 whitehaven coal limited

Climate Change, page-1022

  1. 1,892 Posts.
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    Ill just briefly respond to a few of your comments. A lot of it is meaningless.

    "If renewable energy and the related infrastructure was commercially self-sustainable, they wouldn't need taxpayer money to bring them into being."You realise many industries receive government grants and R&D funding etc right? You seem to think businesses want all the free money, no consideration of loans or other options.

    "As for the economic merits of renewables, let's look at the following cold hard facts:
    1. Australia currently has the highest penetration of renewable energy it has ever had.

    2. Power bills are currently at record prices (to the extent that taxpayer money has to be distributed to households to alleviate the pain).

    (And we've heard all the excuses for this: Russia's invasion of Ukraine causing coal and prices to go through the roof; yet thermal coal prices have fallen but still power bills remain very elevated. Elevated to the extent that the government has had to step in directly to help people play their power bills. But renewables, they said. So cheap, they said)."

    Correlation isn't causation. Coal went to $400USD/t for almost a year, is this the cheap fossil fuel you're referring to? It is still roughly twice as high as the long term average price. So is that factored into your record prices you mentioned? I dont get how you conclude that even though the raw material price has more than doubled, and electricity prices are up ~50% over the last 10 years (and inflation over the last 10 years is about 2.5% per annum) that renewables are the blame? do some critical thinking mate.

    Production dropped in Germany in the last 12 months as almost all global economies slowed? shock horror!
 
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