The Australian Government is building magical weather machines with large amounts of our children’s money, and they won’t even tell us what it will cost. Dear Sir, we’re here to fix the car you didn’t know was broken, give us your wallet? We’ll just help ourselves to your cash and won’t tell you what this costs, OK? (It must cost a fortune, because if it were cheap we’d tell you).
The Labor government promised impossible Net Zero things, and 18 months later everyone knows it is impossible. Renewable investment has ground to a halt, people are not buying EV’s, farmers don’t want the transmission lines, coastal towns don’t want the wind towers, project costs are doubling and tripling, and Florence the borer is still stuck in a very short hole that is meant to be a long one.
Instead of backing away slowly, the Labor Party have gone full Santa-wish-fairy.
Just like that — the plan for 6 gigawatts of unreliable generators will become 7, wait, I mean, 32 gigawatts. Wow.
The Australian grid uses about 30 gigawatts of generation, and already has 65 gigawatts of equipment to generate that. It took three generations to build and pay off, but we’re adding 32 GW this decade….
Chris Bowen gambles with taxpayers’ cash to hit renewables target
Geoff Chambers, The Australian
Taxpayers will underwrite a five-fold increase in new government-backed renewables capacity across Australia, as Chris Bowen gambles on a dramatic market intervention to secure grid reliability and achieve Labor’s ambitious target of 82 per cent renewables by 2030.
If the market won’t build crazy loss-making unreliable generation machines, the government will.
They force us to pay, but they can’t even tell us what it costs:
The program will be expanded from its initial mandate to underwrite 6 gigawatts of renewable energy projects to 32GW, with the cost to taxpayers being kept secret under commercial-in-confidence provisions.
And before you object to whale-killing, wedgetail-eagle-whacking and mowing down of forests, we’ll just clear out red tape for massive industrial projects:
Mr Bowen will also strike deals with states and territories to fast-track major renewables projects.
Is this the part where the Greens realize what a monster they have created?
All this money, so they can impress their friends with private jets at the UN:
Ahead of attending the United Nations Climate Change Conference in Dubai, Mr Bowen said the government was taking unprecedented action on renewables to avoid blackouts and energy price rises as coal generators shut down.
The new scheme is called the Capacity Investment Scheme. The government is now your financial advisor, and they are picking winners. Be afraid.
Image by Franz Bachinger from Pixabay