Antinuclear

Australian news, and some related international items

Despite fossil fuel vested interests, Australia likely to meet its renewable energy target

Technology costs are coming down, and the 7000-8000 gigawatts of renewable energy projects needed to meet the 41,000GW hour target will be built at a lower cost than thought.

Incumbent power generators are holding up progress BY GILES PARKINSON The Australian July 13, 2012 ……Every time Australia manages to take two steps towards the de-carbonisation of its electricity grid and support for a new clean energy industry, vested interests seem determined to force it to take two steps back.

We’ve seen it with the carbon price. The carbon pollution reduction scheme was scuttled in cut-throat games of political football, and while NGAS became redundant on June 30 with the introduction of federal Labor’s carbon price, calls to reduce that to almost zero are growing ever louder. Howard’s target was neutered when he refused to extend it after an extraordinary response and nearly $4 billion in investment. The Victorian Labor government tried to fill the void with
its own target but was forced by the fossil fuel lobby to backpedal.

Billions of dollars in grant funding were announced by the Howard and
Rudd-Gillard governments to emerging clean energy technologies, but
little has been delivered. Now Labor’s expanded MRET (a bipartisan
target) is under attack, with a growing chorus calling for it to be
diluted just as it is finally, and belatedly, about to have an
impact……
Fulfilling the MRET is likely to cost no more than was estimated when
it was agreed by the energy industry in 2009. In fact, it should be
costing less.

Technology costs are coming down, and the 7000-8000 gigawatts of renewable energy projects needed to meet the 41,000GW hour target will be built at a lower cost than thought……
http://www.theaustralian.com.au/business/opinion/incumbent-power-generators-are-holding-up-progress/story-e6frg9if-1226424872475

July 13, 2012 - Posted by | General News

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