Australian news, and some related international items

1.4 billion to be saved, by replacing Liddell coal mine with renewable energy

Replacing Liddell with renewables is $1.4 billion cheaper than government plan, report says, The Age, Nicole Hasham, 20 Nov 17 

The Turnbull government’s plan to keep the worn-out Liddell power station running for another five years would cost about $1.4 billion more than replacing it with clean energy, and spew millions of tonnes of damaging carbon pollution, a new analysis shows.

The findings cast further doubt on the wisdom of keeping Australia’s oldest operating coal plant open beyond its slated closure in 2022, and have implications for the expected retirement of most existing coal-fired power stations within 15 years.

Prime Minister Malcolm Turnbull and Energy Minister Josh Frydenberg in September ordered energy giant AGL to keep open the coal-fired plant for five extra years or sell it to a party that will…….

The University of Technology Sydney’s Institute for Sustainable Futures compared the financial cost and pollution of three possible scenarios for Liddell: extending its life by five years, pursuing AGL’s plans for a combination of renewable and fossil fuel solutions to replace the lost capacity, and a package of clean energy measures.

It found keeping Liddell open until 2027 would cost $3.6 billion in capital and operating expenses, and that 40 million tonnes of carbon dioxide would be generated over this time.By comparison, a clean energy package would cost $2.2 billion and create no emissions. This would involve energy efficiency, new wind energy, managing the power demands of consumers and flexible pricing, which means electricity is charged at different rates depending on the time of day or year………

ACF chief executive Kelly O’Shanassy said Australia desperately needs a comprehensive climate change policy to allow a rapid transition to clean energy.

Any such policy “must be designed to encourage as much clean energy and smart technology as possible, and not prop up polluting coal plants that are damaging our planet”, she said.

ISF research director Chris Dunstan said replacing Liddell’s lost capacity with renewables could set a powerful precedent as the majority of Australia’s coal-fired power stations approach retirement age……..

November 20, 2017 - Posted by | business, energy, New South Wales

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