Following the resounding defeat of a constitutional plebescite to introduce racial segregation into the Aussie constitution, Australia’s Prime Minister has vowed to focus on green energy.
Voice to climate
Can you hear me?
Judith Sloan
14 October 2023 9:00 AMThe Prime Minister has flagged that, post the Voice referendum, his government will turn its full attention to the decarbonisation of the economy and the prospect of Australia becoming an renewable energy superpower.
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By contrast, most of us are living in the real world, wondering how we can cover the mortgage and the bills, getting the kids to school on time and thinking about what’s for dinner. Prosaic stuff to be sure, but beautiful thoughts about identity politics and climate change are generally back of mind, if at all.
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But what the surveys also reveal is that, notwithstanding people’s concerns about climate change – economists call this elicitation bias or wanting to sound worthy – when it comes to bearing any additional financial burden to act on climate change, there is a marked reluctance to pay any significant price at all. The recent 20-per-cent rise in electricity prices, for instance, is well above the rate of increase that people are happy to pay for the sake of doing something about the climate.
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Read more: https://www.spectator.com.au/2023/10/voice-to-climate/
Australia’s green revolution appears to have stalled. Back in June WUWT reported there were no new financial commitments for the previous quarter, across all of Australia. Coal plant operators are racing for the exit door, fleeing a jurisdiction where they are no longer welcome, but nobody is building enough dispatchable energy to replace the lost coal capacity.
Worse, the energy market is in turmoil. Albanese Government’s response to a supply crunch driven energy spike in 2022 was to introduce politically expedient price controls – which hasn’t exactly settled market jitters about the profitability of investing in Australia’s energy market.
As Australia heads into an El Niño Summer which promises scorching temperatures, with an East Coast grid which the AEMO admits is heading towards serious shortfalls, it seems only a matter of time until Australia’s East Coast experiences severe and prolonged blackouts.