Abbott govt effectively stall renewable energy as talks drag on

Hot air can be even more expensive than renewable energy, Financial Review, y Jennifer Hewett, 17 Mar 15 “……….CERTAINTY, PREDICTABILITY REQUIRED

Joaquin Mollinedo, chief institutional relations officer of Acciona, says that the company simply requires certainty and predictability before it can proceed with any investment decisions.

That doesn’t seem too much to ask. Apparently, it is in Australia. This is even more perplexing for European companies participating in the global trend towards greater use of renewable energy.

Australian industry is still hoping for an imminent breakthrough after months of negotiation between Labor and the government to try and reach a compromise on a lower number of gigawatt hours. This would include exemptions for heavily emitting industries such as aluminium, cement making and steel – which would otherwise face high penalties.

But any deal is still elusive…….http://www.afr.com/opinion/columnists/hot-air-can-be-even-more-expensive-than-renewable-energy-20150316-1m0f8s