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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.
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“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 […]
Here’s a topic close to my heart. Before I became involved in climate change and currencies, my hot topic-of-choice for years was medical research and health. In my honours degree I worked to get a tiny step closer to treating Duchenne Muscular Dystrophy. When I saw that The Australian Government was threatening to cut medical research, I wanted to put a razor fine point on just what muddy thinking costs us. This article I wrote is published in The Weekend Australian today. We can’t afford to get the decision wrong on climate change. We must fight the battles that matter, not build fortresses against imaginary foes.
Wasting money on climate change betrays sick Joanne Nova From: The Australian May 07, 2011 12:00AM
LOST opportunities are invisible but deadly. On climate change, the call to buy insurance by pricing carbon is a cop-out. Where is the cost-benefit analysis? We’re thinking of axing Australian medical research yet we’re supporting solar panel manufacturers in China. It doesn’t have to be this way.
All the money spent employing green police, subsidizing solar or researching how to pump carbon dioxide underground is money not spent on medical research. Opportunity cost is a killer. […]
Have you wondered just exactly how much money you could pay for the feel-good factor of knowing that your electrons came from fashionable sources?
Thanks to the Victorian government we can get the hard numbers in the Victorian Auditor General’s Report.
In a nutshell, most alternatives are 2-3 times as expensive, except for solar which is 5 times the price.
(Luckily at the moment, renewables only produce 3 – 4 % of all energy in Victoria. Be grateful. You Victorians could be a lot poorer.) As it is, it cost Victorians $415,000 to tell you this, but it may be the most effective money spent on renewable energy in the last ten years. (Though oddly they didn’t produce this helpful comparative graph below. I did that for free.)
The Full PDF
In 2002 the State government of Victoria decided to aim for 10% renewable energy by 2010. You can see how well that worked out for them:
The light blue line (at 10%) was what they were aiming for.
The report is 48 pages. Basically it found that nobody thought too hard about how these aims would be done. Nobody assessed how useful it was to […]
There is still billions invested in research, billions circling in carbon markets, and billions tossed as government subsidies. But there are a few less billion available now than there was before Christmas. Reality bites and Green Energy is left to face the music.
Austerity pulling plug on Europe’s green subsidies
by ERIC REGULY , Globe and Mail
The Spanish and Germans are doing it. So are the French. The British might have to do it. Austerity-whacked Europe is rolling back subsidies for renewable energy as economic sanity makes a tentative comeback. Green energy is becoming unaffordable and may cost as many jobs as it creates. But the real victims are the investors who bought into the dream of endless, clean energy financed by the taxpayer. They forgot that governments often change their minds.
When the Spanish economy went into the toilet in 2008 and 2009, austerity measures were put into place. At first, it appeared the solar industry would be spared the worst of the cutbacks. That changed a bit, but only a bit, in November, when a royal decree reduced tariffs by up to 45 per cent on new PV plants; existing plants would remain untouched. Then – whammo! […]
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.)
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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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The nerds have the numbers on precious metals investments on the ASX
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