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Only five years ago Australia had a mere 20,000 solar systems installed on homes across the country. Now thanks to a Gonzo-Big-Daddy-Government we have over one million solar systems, almost all of them producing electricity that could have been made for something like a fifth of the price with coal.
The Clean Energy Regulator spins it as though wasting money on inefficient equipment in the hope of reducing world temperatures is a good thing for Australia.
“…the Clean Energy Regulator, which estimates that those solar energy systems provide power for around 2.5 million Australians. With a population of around 23 million, that means over ten percent of the country benefits from solar power.”
So 10% of Australians benefit from solar, and 90% pay for it?
“The regulator also says the installations have saved Australians about half a billion dollars on electricity bills!”
The regulator doesn’t say how much Australians had to pay to “save” a half a billion dollars.
In Dec 2011 The Productivity Commission estimated $777m in one year alone:
At the prevailing REC prices, this effectively provided an up-front capital subsidy of $777 million to solar PV systems in 2010.
[…]
How is this for a scary thought?
Tim Flannery says renewables will run the economy:
“What we can now see is the emerging inevitability that renewables are going to be running the economy…”
And I say: Prepare for economic armageddon. Picture an Australia where we all have jobs — jobs digging holes, mucking out the stables, and chopping those last few remaining trees down. We may lead the world installing chinese-made solar panels, but they won’t help us make anything that anyone else wants to buy. Anton gives us some numbers no one seems to have mentioned to Tim. Like, it takes 1,000 new wind towers to kinda equal one coal plant. – Jo
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Guest Post: Anton Lang
Get ready — this is how much the 25 most recent, powerful, high-tech wind plants generate. Not the red line — that’s how much electricity we used. Look at the expanse under the blue line — every bit of that (“bit” being the word) is all thanks to those brand spanking new wind turbines.
Courtesy of the National Electricity Market. (NEM)
The red line at the top shows total electricity demand for NSW, Vic, Qld, SA, and Tasmania […]
When activists protest about “fossil fuel” subsidies, it is a case of extreme-wordsmithing. Like chinese-whispers, the truth gets turned 180 degrees. It takes a string of half truths stacked in a series to come up with something which is so completely counter to reality it is meaningless.
The reality is that governments around the world are paying billions each year to prop up an industry that is inefficient, uncompetitive and unproductive. It’s money that is desperately needed in health or in real medical and scientific research.
“More than US$70 billion of support is provided by governments to renewable energy production and consumption worldwide.”
[IEA (The International Energy Agency, which promotes “green energy” in it’s header)]
That’s an annual figure. And the plan seems to be even more subsidies. (I thought the plan was to make renewables competitive?)
Source: IEA Key Graphs…
Source: IEA Key Graphs
Could it be $200 billion?
This UN group has an even higher number. I don’t know exactly how they define “green stimulus” spending, perhaps it was a one-off:
[UNCTAD]
“Green government procurement will also be essential in the early stages of a transition to a green economy. In 2009, global green stimulus […]
…
In June this year the UNEP report announced that Global Renewable Energy investment reached $257 Billion in 2011. It’s so large it rivals the $302 billion invested in fossil fuel power. But how much electricity do we get for all that money? When the details are pulled from the fog, a quarter of a trillion dollars appears to produce only about 3% of all our global electricity, and even less of our global energy. All that money, so few gigawatts.
The 2012 UNEP report “Global Trends in Renewable Energy Investment” compares the
“…despite an increasingly tough competitive landscape for manufacturers, total investment in renewable power and fuels last year increased by 17% to a record $257 billion, a six-fold increase on the 2004 figure and 94% higher than the total in 2007, the year before the world financial crisis.”
Renewables growth has slowed somewhat:
“Although last year’s 17% increase was significantly smaller than the 37% growth recorded in 2010, it was achieved at a time of rapidly falling prices for renewable energy equipment and severe pressure on fiscal budgets in the developed world.”
The last couple of quarters have not been good for […]
I’m away, so this is a good time for Guest posts. Here Tony explains that we need lots of electricity even while we sleep. I didn’t realize our electricity needs were so high at night. The lowest power use each day is still as much as 60% of the peak. That’s the base load at 3am, and solar panels and wind farms just can’t provide it. We can burn the odd $500 billion building hundreds of solar plants, but even then, we would have to go “medieval” for about 8 hours each night. Candles anyone? — Jo
Guest post by Anton Lang
AUSTRALIAN POWER CONSUMPTION LOAD CURVES
There’s a message in these two diagrams that underlies every decision about national energy.
Summer power curve – Time of Day versus power consumption (MW)
These two diagrams are the most misunderstood images in the whole debate — the Load Curves for actual power consumption. These two shown here are for the whole of eastern Australia (including Tasmania and South Australia).
The top diagram shows typical consumption for a day in mid summer (Monday 30th January 2012) and the second is for a typical mid winter day (Friday 22nd July […]
Who isn’t finding shale gas these days? To whom shall we sell all those super-costly solar units, that we will supposedly be “world leaders” in? China reveals 25tn cu metres of shale gas Financial Times
China announced the results of its most extensive official appraisal of shale gas reserves on Thursday, having found potentially recoverable resources of 25.1tn cubic metres – less than previous estimates.
Although the figure is lower than an earlier estimate of 31tn cubic metres, China is still believed to have some of the largest reserves of shale gas in the world and has been working to develop shale gas as a cornerstone of its energy policy. The new estimate is enough gas to meet the country’s current consumption for nearly 200 years if fully extracted.
As Richard North points out, this changes everything:
8.6 out of 10 based on 58 ratings […]
I don’t have a horse in the Peak Oil race, but Energy Security is too important to let the government “disappear” inconvenient reports. As David Archibald points out, at one time the Australian Government went to great lengths to make sure we would be more self sufficient. Lately there are times when Australia doesn’t even have three months supply.– Jo
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Guest Post by David Archibald
Inconvenient report disappeared
About a week ago, the Australian Government released what it called a “Draft Energy White Paper”. It is available here: http://www.ret.gov.au/energy/facts/white_paper/draft-ewp-2011/Pages/Draft-Energy-White-Paper-2011.aspx
World Annual Discovery (red) and Production of Oil (Blue) See below for details.
The White Paper contains a number of strange statements and inanities:
Page 67: “For a major global energy exporter like Australia, pursuing a goal of national energy self‐sufficiency is counterintuitive.”
Page 69: “Energy security does not equate to energy independence or self‐sufficiency in any particular energy source.”
Page 123: “As a result of increased daily net imports in recent years, the level of oil stocks in Australia has regularly fallen below the 90‐day requirement since mid‐2010. The National Energy Security Assessment found that this does not […]
Finally, a new day has dawned and solar power is cheaper than coal fired electricity! Gadzooks! It must be true, the Sydney Morning Herald says so.
…
“Solar energy cost hits par with coal fuel“
Who knew they conquered the low energy density, high maintenance, poor performance, bad weather, and general darkness at nighttime — all in the last weekend? This changes everything… oh, but wait, that’s odd — this only applies in some parts of New South Wales?
Silly me, and I thought the sun shone on the whole nation (and sometimes on the rest of the world too)?
THE cost of solar power in parts of NSW has for the first time crept below that of coal-fired electricity – seen as a key tipping point for the expansion of renewable energy. [SMH]
The dead-set give away is the “parts of NSW” — straight away you know that either someone is stealing sunlight from neighboring councils, or this isn’t a real “cost”, not in the same sense that you and I would use the word. When we think of the cost of something, it means we want to know how much we’ll pay. If we pay less up […]
A joint writing project: Jo Nova & Tony Cox,
based on an idea and research by Anton Lang (who writes as TonyfromOz at PAPundits)
It’s the paradox that will torture the Greens. What if the best way to achieve their environmental aims as well as providing jobs and power was to build more coal fired power stations? Imagine if we could reduce CO2 emissions by more than 5%, supply 24 hour baseload electricity, create jobs, and save thousands of square kilometres of Australian bush from industrial domination. Imagine if “New Coal” turned out to be the lowest cost alternative as well? Anton Lang has researched it, and Tony Cox has confirmed that the big numbers make sense with an Australian electricity company (who shall not be named). Selling the Carbon Tax in Neverland is already a public debate that’s pretzel tied in impossible contradictions, so what’s one more unlikely twist? Possibly, just enough to get us out of a knot, or at least enough to expose the real aims of the carbon reduction plan. Old existing large scale coal fired power plants in Australia are all twenty to forty years old. Major advances […]
Click on the image to go to a fully interactive infographic where you can find out just how much money people have buried, I mean, invested in clean energy in your country. It’s nifty.
Have you ever thought about how lucky we are that only kind-hearted helpful souls are involved in the erstwhile cottage industry known as “renewable energy”?
Imagine if a less-than-scrupulous agent got into these green-fields of money, and frolicked in the vast acreage of subsidies, schemes, and easy loans? Where would we be? The public would think the people and the industry were here to save us, the industry could prod levers of government to encourage more subsidies and pro-renewable energy legislation. The “cottage” industry could also pay for and help write reports that the government then used in order to convince the people to put more of their goods and chattels in the public-trough. In variations on the circular theme, the industry could apply for grants from the government to help pay for the reports it wrote for the government to help it earn even more subsidies, or to cripple it’s competitors. (eg. See here).
Thus deadly positive feedback would spiral out of control.
Then […]
A billion dollars that could have been used for housing, schools, hospitals and health programs was drawn into solar subsidies to provide electricity that could have been produced in far cheaper ways.
There is no sunnier first world country than Australia. If solar was going to be a raging success anywhere, surely it would be in the land of the Sunburnt Country. Instead the Australian government has poured in more than a billion dollars to install solar panels on the roof tops of private homes. It’s a text book case of misdirected spending.
In the end the government drew money from the population-at-large to help Chinese solar panel manufacturers, and to provide “cheap” electricity to 107,000 households in mostly medium-high wealth areas. It reduced Australia’s emissions by a piddling 0.015 per cent, at an exorbitant carbon price of $300/ton.
Solar power is clearly not viable yet. So that billion dollars could have been spent on research to make solar power economic (in which case no subsidies would be needed). It could have made us world leaders with a product to patent and sell (or it might not). Instead governments of both major parties chose to pour a billion […]
Roger Pielke, Jr. has looked closely at Australia’s ETS targets and helpfully put some numbers into the hypotheticals.
With all their subsidies, goodwill and fervent wishes, solar, wind, and geothermal produce just 3% of our energy needs. Fossil fuels produce a whopper 94%. And “energy” on these grand continental scales is measured in quadrillion BTUs which is known as “one quad”. Australians use about 5 quads / year, and to make that we pump out about 400 Mt of carbon dioxide per year. (These kind of big-picture numbers are often hard to find, so I wanted to capture that to keep things in perspective.)
…
Population growth is a big factor in Australia 8 out of 10 based on 5 ratings […]
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JoNova A science presenter, writer, speaker & former TV host; author of The Skeptic's Handbook (over 200,000 copies distributed & available in 15 languages).
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