Category: Climate Waste

A low-wattage PM’s useless ‘guarantee’

According to Malcolm Turnbull, his National Energy Guarantee ‘will lower electricity prices, make the system more reliable, encourage the right investment and reduce emissions without subsidies, taxes or trading schemes.’ Every word is a lie.

The dust is yet to clear so we can judge how the National Energy Guarantee (NEG) will operate, but there is now enough clarity to be certain that the Wow!!!-infused exclamations of delight it received from sections of the mainstream media is totally unwarranted.  The wailing from the green lobby stems from its bringing down the curtain on new large scale wind and solar investments post 2020.

The Prime Minister said,

The National Energy Guarantee will lower electricity prices, make the system more reliable, encourage the right investment and reduce emissions without subsidies, taxes or trading schemes. It is truly technology-neutral, offering a future for investment in whatever technology the market needs – solar, wind,

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Finkel’s fake economics 3.0

One can usually expect on most days when the Senate is sitting in Canberra that the ALP, Greens or Nick Xenophon Team (NXT) will put forward for fake debate a so called Matter of Public Importance (MPI) such as the recent one for 9/11:

“Investment in renewable energy, which makes economic and environmental sense.” – ALP Senator Katy Gallagher from the ACT, Manager for Opposition Business (Senate).

As is often the case with those on the Left, this assertion is not just false but the opposite is in fact the truth. This has been shown many times by various LibertyWorks writers including myself earlier this year in both Finkel’s Fake Economics 1.0 and Finkel’s Fake Economics 2.0. I will now complete the trilogy with a this third and final instalment ie Finkel’s Fake Economics 3.0 (noting that, admittedly, I am quite fond of writing such trilogies such as on … Read the rest

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How to turn cheap power back on

Energy Minister Josh Frydenberg claims that renewable energy is a disruptive force in the energy market in the same way as the iPhone was to landlines and cameras.  There is, however, a major difference: iPhones, like Uber, Kindle and eBay have disrupted previous commercial systems by force of technology.  Renewables everywhere in the world have required government subsidies.   

Electricity prices in Australia, having been perhaps the world’s lowest at the turn of the present century, are now among the highest.   

This is a national catastrophe which has been forged solely by political interference.  Subsidies to intermittent renewables, mainly wind and solar, have been the chief cause.  Those subsidies are currently around $85 per MWh.  And even if they fall to $50 per MWh, as forecast by Minister Frydenberg, this compares with the average total price of electricity, prevailing until 2015, of around $40 per MWh.  That price has now doubled … Read the rest

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The Fakel Report: Finkel’s fake ecomonics 2.0

This is a sequel to my article from last week entitled The Fakel Report: Finkel’s Fake Economics. Since then there have been media reports that the Turnbull ‘flip-flop’ Government is already having second thoughts about the one-and-only solid reform recommendation from the Finkel Review, that is the so called “technology neutral” Clean Energy Target (CET). This is not surprising given that only when ‘hell freezes over’ will a CET result in “lower residential and industrial electricity prices”. It is unclear, however, if they are also backing off a new federal Renewable Energy Target (RET) of 42 per cent in 2030.

There are a plethora of problems with the Finkel Final Report, one of the main ones being the thinly-veiled worldview fuelling this Report, that is the all-too-predictable one of climate change alarmism (including wind and solar fetish) combined with favouring government central control over competitive market freedom. … Read the rest

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The Fakel Report: Finkel’s fake economics

LibertyWorks board member and Austrian Economist, Darren Nelson, picks apart this month’s fake news; the economic policy and global warming response recommendations made by non-climate scientist and non-economist Dr Alan Finkel.

The 200-plus page Final Report released last week Friday by Australia’s Chief Scientist Dr Alan Finkel should be renamed the Fakel Report. This is because the pseudo-analysis within it is based on Fake Economics. This is not surprising given that Dr Finkel is not an economist, nor are any of the other four members of the Review Panel. This was certainly not made any better by only around 1% of the 390 written submissions in any way questioning climate change alarmism and/or favouring sound economics. And this is in the very important context of Dr Finkel’s surprisingly honest admission in Senate Estimates last month that the impacts from Australia’s alarmist policy efforts to ‘tackle’ climate change will be … Read the rest

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The Greens energy policy is eco-Marxism

Do you live in Queensland?
Do you suffer from high power bills?
Never fear, The Greens are here!

Like a knight in shining green armour, they’re riding over the energy landscape on a policy steed to save you ‘up to’ $370 per year. This is great because viewing my power bill every quarter the first thing I think to myself is, ‘what would The Greens do about this’? Yes indeed, when it comes to economic management The Greens are the first people society looks to for answers.
In April they launched their energy retailing policy for Queensland called Power for the People. For those interested in seeing the videos promoting the policy you can see them here. Michael Berkman, the candidate for Maiwar and Amy MacMahon the candidate for South Brisbane, feature in the videos which give a basic outline of the ‘problem’ with energy retailers and their ‘solution’ … Read the rest

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Our governments have destroyed the world’s most efficient energy market

The nation’s energy policy is in the hands of ideological tyros.

At the federal level Malcolm Turnbull is running the show with the equally green evangelist, his Departmental Secretary Martin Parkinson.

At the state level, we have a Victorian Government desperately promoting wind, to match Greens policies in the hope of retaining threatened inner city seats, while also killing coal, conspiring with the Liberals to close down gas supplies and otherwise using the electricity supply system to provide favours to key support groups.  And in South Australia we have a Premier who has drunk deeply from the well of Commonwealth subsidies, declared his jurisdiction at the cutting edge of the global renewable movement and, in denial of the evidence, is desperately trying to demonstrate the wisdom of this.

Electricity supply

In a statement plumbing the depths of credibility, the electricity market manager, AEMO, maintains that  the closure of Hazelwood … Read the rest

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Beware South Australia, Tesla has you in its sights

Opinion Piece by Federal Senator for South Australia, Cory Bernardi.

This week the monorail salesman from The Simpsons paid a visit to South Australia. Only this time he was selling giant uneconomic batteries instead of shooting people through vacuum-tubes.

His name is Elon Musk and he runs businesses that depend on huge taxpayer subsidies to function. In fact the three businesses he runs have received around $5 billion in US government largesse.

Now he’s set his sights on the Aussie taxpayer and our hapless leaders are falling over themselves to tweet and chat with him.

Why wouldn’t they? After all, he was in Iron Man and the lefties love him so imagine the levels of green cred a pollie can generate just from chilling with Elon.

But hanging with Elon is very expensive for any government. In fact it’s a textbook example of crony capitalism and everything that’s wrong … Read the rest

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The great renewable energy swindle

Throughout history there have been some great swindles. There’s been Perth Mint swindle, the original Ponzi scheme and now there’s the Renewable Energy Target where billions of dollars are effectively transferred from low and middle income households, to high income households in the form of energy subsidies.

The difficulty with the Renewable Energy Target is that few people understand it, and the people who do are usually the one’s making money off it. It’s a classic case of diffused costs and distributed benefits. The average person simply doesn’t have the incentive to understand the RET in any detail; by the time the average person discovers the true impact of the policy their electricity bill has already skyrocketed and it’s too late.

After all, who doesn’t like renewable energy? It’s clean, it’s green and it’s saving the planet. What’s not to like? Surely, there’s nothing wrong with having a target? Few Read the rest

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