Is anybody surprised, The labor govt has been hood winked at every turn since krudd won office. With the greens all over them like leeches this govt has "LOST ITS WAY" surely it is time for an election before gillard and co wreck this nation beyond repair!
GOVERNMENTS are squandering billions of dollars on "uneconomic" wind farms, according to a landmark study that undermines the case for Labor's huge renewable energy subsidies. Investment in wind turbines will fail to cut enough greenhouse gas emissions to justify their cost, economists warned yesterday after a detailed British analysis released this week.
The conclusions challenge a cornerstone of Labor's climate change policy as the federal government pours taxpayer funds into wind projects using direct subsidies, a planned $10 billion investment fund and renewable energy targets.
In a finding with direct relevance to Australia, the study by University of Edinburgh economics professor Gordon Hughes warns that using wind turbines to cut emissions costs 10 times the price of a gas-fired power station.
"Wind power is an extraordinarily expensive and inefficient way of reducing CO2 emissions when compared with the option of investing in efficient and flexible gas combined-cycle plans," he concludes.
