Bill ‘two bob each way’ Shorten must come clean on green power, by Josh Frydenberg, the Federal Minister for the Environment and Energy.
In a blatant attempt to win green votes in the city, the Opposition Leader has overseen his party’s lurch to the Left on climate change and energy policy. …
First, Labor’s 50 per cent renewable target by 2030. …
While the Coalition is upfront about the cost of its RET representing a $55 or 3.7 per cent annual impost on the average household electricity bill…, Labor hid behind the excuse that it needed to consult more widely with industry before finalising its numbers.
However, Bloomberg New Energy Finance has run the numbers and assessed the cost of Labor’s policy at $48 billion, which is the equivalent of $2000 for every Australian. Put another way, Labor envisages its policy would require an additional 2000 megawatts of renewable energy generation each year out to 2030, which is the equivalent of 10,000 new wind turbines …
With the electricity sector representing one third of Australia’s total emissions, a 50 per cent RET is a highly inefficient means to meet our Paris targets while still hurting our economic competitiveness.
Second, in addition to Labor’s $48bn 50 per cent renewable target, Shorten has also committed to reducing emissions across the economy by 45 per cent by 2030. This is significantly higher than the Coalition’s 26-28 per cent by 2030.
What a bunch of fools. The carbon dioxide theory of global warming is based on a modeling error, as a proper examination by a red team or by an independent audit would readily show. Instead the scientific theorists who promote this nonsense are guarded from any criticism by phalanxes of government propagandists and government-funded environmentalists, and not the slightest attempt is made to verify the theory, even theoretically, let alone by empirical evidence. (Yes, Malcolm Roberts is quite correct on this — there is no empirical evidence that supports the theory.)