"There lies the problem with the Left and renewables - they just don't get the economics of renewables." The lack of understanding the economics of renewables is far more complicated than simply assigning it to
"the Left". Supporters of cleaner renewable energy sources have been much maligned by the LNP and "barrow pushers" solely for their political objectives and/or financial benefit, who employed divisiveness instead of seeking a path that benefits Australia, not from a localised issue, but from a global transition.
https://www.abc.net.au/news/2022-06-06/the-great-gas-rort-what-should-the-new-government-do-/101127780"First, a near 20-year battle over the science of climate — primarily waged by the Coalition for political purposes — resulted in a critical shortage of investment in energy generation."Battery storage presently is expensive with long payback periods but since the introduction of storage batteries, technologies have advanced resulting in higher capacities and output. It's unlikely that technology has achieved its limits. Pricing including installation remain an obstacle to widespread adaption regardless of downward pressure. Currently recouping R and D expenses is reflected in pricing. But even that cost pressure is alleviated as take up numbers increase. If trends are to continue, further improvements can be expected.
Instead of wasting billions of dollars on political survival, the past decade could have been better utilised to encourage the adaption of renewables and reduce the reliance on traditional fossil fuel sources. In times like now, a very different equation would apply to energy costs and its impact on the economy.
The concept of transition eludes most as the expectation is premised on the flick of a switch form one energy source to another.
