What price do you put on a stable climate that has enabled our...

First 1287 Last

Share
Profile

Follow
dave sss

14,056 Posts.

217

06/07/24

21:02

Post #: 74639464
Share

Originally posted by Sweetsound: ↑

And any notion that the renewables will provide cheap energy is simply untrue:

https://www.abc.net.au/news/2024-04-12/power-prices-to-rise-in-clean-energy-transition/103696450

Excerpt:

building the wind and solar farms at the scale required to replace coal, together with the batteries needed to store the power, and the new network of transmission lines to distribute that power to consumers will involve tens of billions of dollars' worth of investment.

The Australian Energy Market Operator's own figures suggest the transition will cost around $383 billion between now and 2050.

When asked who pays, Dimery replied: "it all comes from consumers, whether through the bill directly or through the tax base."

As is often the case, there's liable to be huge differences in any cost estimates and the final cost. The above already indicates such - from 'tens of billions' to 'hundreds of billions'. Good old taxpayers to pay - with much of the newbies needing replacement in a relatively short time - try a $1 trillion or so.

And of course all the EV's will need to be charged - and owners thinking it's cheap may be in for a rude shock if EV demand escalates as it will put more demand on energy supplies. That's what you get when politics fiddles with proven inter-generational sound engineering practices - paying the piper has begun and will continue for future generations. Govt. must see the public as a person sees a place offering bottomless cups of tea/coffee. Sugar and milk with that?? Oh yes please. Coming up. Sweet. But as for costs?? Slight increase, you do like your tea/coffee hot?? AIMO

Expand

What price do you put on a stable climate that has enabled our civilisation?
2 Upvote

Reply

Top Stories

MEM

Many are concerned about global falling birthrates. This diverse stock has solutions

ASX Market Close: IT surges as Miners dumped | June 18, 2025

Almonty Industries – Now it is getting critical!

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

MTM

MTM Crit Metals hits +1,870% returns YoY – but fundamental questions remain