Library filed under Energy Policy from Australia
Labor and the clean energy industry have rejected the Abbott government’s offer of a 26,000 gigawatt hour renewable energy target instead of the current 41,000 gigawatt hour goal.
Australia’s investment in renewable energy projects has slumped below that of Algeria, Thailand and Myanmar, new figures have shown, with the sector “paralysed” by the government’s review of the Renewable Energy Target.
The renewable energy sector has cleverly confused the concepts of economic costs, which are the costs of the resources used to produce renewable energy, with prices. They do this to disguise the real cost impact of the RET on the economy and to make themselves a smaller political target. ...The goal of the RET was never about suppressing prices, but this is now the cause célèbre of the renewable industry.
Electricity use has plunged so much that no new coal or gas baseload power generation will be needed over the next decade to comply with the nation’s famously conservative requirements for ensuring lights stay on.
What conceivable purpose is served by policies which have no effect whatsoever on global emissions but damage our prosperity? And were dangerous climate change indeed in prospect, how could making us poorer facilitate the adjustments Australia will have to undertake?
For Australia’s multi-billion-dollar renewable energy industry, marooned in the doldrums of investment uncertainty, the big calm before the renewable energy target review storm came last week. For two consecutive days a high-pressure system becalmed southeastern Australia, stranding the nation’s entire fleet of wind turbines.
"Scrapping the carbon tax is a foundation of the government's economic action strategy," said Abbott, who once said evidence blaming mankind for climate change was "absolute crap". "A useless, destructive tax which damaged jobs, which hurt families' cost of living and which didn't actually help the environment is finally gone," he added.
Australia’s investment in renewable energy all but dried up in the first half of 2014 amid uncertainty fuelled by the government’s latest review of the mandatory target, according to Bloomberg New Energy Finance.
Western Sydney Liberal MP Craig Laundy agrees the Government cannot create sovereign risk by dumping the scheme altogether and backs revising the policy. He argues renewable energy is a costly and inefficient way to abate carbon but has a place in the economy.
Australian Federal Senator John Madigan delivers a powerful speech on the floor of the Senate regarding the wind industry and its attempts to silence him.
The renewable energy target is subsidising technologies that are already widely used around the world and is at odds with the Abbott government’s crackdown on corporate welfare, according to Queensland’s biggest electricity generator.
Senator John Madigan has attacked the country’s peak medical body for dismissing claims about health effects from wind farm turbines, questioning whether the position is politically motivated. The Australian Medical Association last week released its first official comments on the controversial subject, declaring existing evidence did not show infrasound from the turbines’ action caused adverse health effects.
Given that many poor people rent houses, or cannot afford to install solar panels and the like, they effectively subsidise the wealthier people who can. ...there has been no mechanism to help poor people meet the higher cost of electricity as a result of the RET. Apologists for the RET will make the claim that the extent to which the RET has contributed to higher electricity prices is small - 3-5 per cent. This claim is contentious. It should be noted that the estimate only covers the cost of complying with the RET and does not include the change to wholesale electricity prices.
"From time to time we do need to refresh the research; we do need to consider whether there have been new facts that impact on old judgments, and that is a perfectly reasonable thing to do. From time to time we do need to refresh the research; we do need to consider whether there have been new facts that impact on old judgments. It is some years since the NHMRC last looked at this issue: why not do it again?"
Recently retired Liberal MP Alby Schultz has pledged to lobby his former colleagues to place greater restrictions on wind energy, after being appointed the first patron of anti-wind group the Waubra Foundation. “Some sections of the media are blinded by the propaganda put out by those sympathetic to renewable energy. I’m disturbed by politicians at state and federal level for not undertaking their statutory duties.”
Federal government approval for the Glen Innes Sapphire Wind Farm has been delayed once again, following requests by the Abbott government for additional information. The 159-turbine wind farm, located between Glen Innes and Inverell, was given the go-ahead by the NSW Department of Planning and Infrastructure on June 26 and was expected to gain federal consent on Tuesday, after the decision was initially extended six weeks from its original August 13 deadline.