Australia's largest stock trading and investment forum Australia's #1 stock forum

Virtue-signallers need to weigh the nuclear option, page-8

First 8 Last

Share
Profile

Follow
walbrook

29,185 Posts.

23

02/03/19

12:40

Post #: 37629963
Share

Originally posted by acorn: ↑

While I agree with you that nuclear has missed it's opportunity in Australia , I don't agree on the your view on the future of electricity.

Kenny, who is largely just copying Shellenberger, is omitting a very important fact to suit his agenda. Using Australia as an example, renewable energy pays a very small part in the rise of power costs in Australia.

The bulk of the rise in power costs in Australia is due to poor federal and state energy policy. Idealistic governments in SA and Vic forcing the early shutdown of fossil at the same time as east coast gas became available for export. Instead of having a comprehensive plan, which still doesn't exist, we are at the mercy of the market.
Governments should oversee markets to make sure this doesn't happen. Instead, because of political differences, both state and federal and even inside poltical parties, we have dysfunction.

The result. No energy policy. Turnbull nearly had something which could have been a good start but thanks to internal politics that opportunity was lost. It looks like it's going to be Labor that will be the party that will deliver it in the end.

Fancy that ?

Expand

For those who haven't seen it here is the Shellenberger article..............

Why Renewables Can’t Save the Planet
https://quillette.com/2019/02/27/why-renewables-cant-save-the-planet/
11 Upvote

Reply

Top Stories

AHN

Athena, Fenix, and Warradarge come together for Mid West Green Iron triumvirate

Monday's HotCopper trends: Imugene responses, Trigg upgrade | July 14

TMG

Trigg up +10% on antimony target boost; fieldwork kicks off

Listen: HotCopper Wire Podcast 017 – RBA holds the toppings

AII

Inside the depths of Panasqueira: A legacy carved in rock

First 8 Last