http://www.cleanenergyfuture.gov.au/clean-energy-future/securing-a-clean-energy-future/
WHERE will the remaining 80% come from considering that natural gas costs are rising and cannot be a viable alternative for baseload power.
Especially in Victoria where it is estimated there is only a 20 year supply left.
500 year supply of lignite more energy than the North West Shelf , yes indeed a no brainer for AGL boss.
it costs less than 250 million to retrofit each boiler at LYP times 4 close to 1 billion, FREE carbon permits ? from compensation package.
retrofitting gradually does not interfere with baseload delivery, and criteria met under the climate change act to recieve funding.
100 percent use of coldry and over 50% reduction of carbon taxes plus depreciation write offs ,incentives to act now.
'The Government’s Renewable Energy Target, combined with the carbon price, will deliver around $20 billion of investment in renewable energy by 2020 in today’s dollars. It will mean that the equivalent of 20 per cent of Australia’s electricity will come from renewable sources by 2020.
The Government will also drive this shift by creating a $10 billion commercially oriented Clean Energy Finance Corporation to invest in renewable energy and innovative technologies to cut pollution.'
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