Jo Nova has flagged an important paper from the IPA on the cost to Australian people of the failing Paris accord. Actually it looks like a serious underestimate. What about the cost of the collapse of the grid for a day or three? And the deindustrialisation? What does it cost the family when the breadwinner loses his/her job? A bit more than $8K.
I would have guessed that it would cost something like that just to put in place the RE infrastructure that is required to put up the prices and collapse the grid. But then I don’t have a beer coaster or a paper napkin handy to do the calculation. With a word on the political impasse in the Liberal party room.
The biggest obvious and easy win for conservatives in 2019 is to copy Abbott-Trump-Dean proven successes, axe the tax, Get Out of Paris, and run an Electro-Scary-Bill campaign. Turnbull can’t do that because he can’t criticize Labor for a plan he wants to do himself. He can’t call it witchdoctor science, can’t mock them for being tools for the Renewables Industry, can’t ridicule their plan to stop floods with solar panels. Can’t vow to limit renewables damage on electricity bills. Turnbull also can’t brag about his glorious successes either — two previous governments tried their damnedest to bring in an emissions trading scheme and paid for it.
Don’t miss the comment from RobK. I didn’t want to overload this post and I would like to do another on missing data, like the cost of putting in place the arrays of panels and turbines and the hundreds of miles of poles and wires and all the other stuff required to re-tool the grid that was built to carry a steady flow of power from a modest number of sites into an incredibly expensive and fragile network connecting intermittent sources across the nation. Nice work for the CFMEU but.
cohenite in comments has some informed but still speculative thoughts along those lines.
People often overlook the incompatibility of renewable power (!) and the grid which is an amazing piece of tech providing AC current at 50Hz. Wind and solar don’t provide grid compatible power and are located in far-flung locations. The cost of making them grid compatible must be enormous but I have not been able to find a cost for it. We know that wind and solar cost about $500 million per 100MW to install but I reckon making them grid compatible must almost be the same. Which would mean Australia has invested (taxpayer subsidies at about 70%) over $100 billion on things which don’t work for 75% of the time.
Other great great comments, esp Delta, md and Bruce. Md is a stunner on the value of not using the grass for grazing on a cattle run. Like the story I overheard on a light plane between Phoenix and Flagstaff, someone was talking about a man who bought a cheap tract of desert and obtained regular payments for not farming it.
UPDATE. How come James Paterson and Tim Wilson supported the NEG in the backbench committee?
WINDWATCH: 7am 9% of 26GW.
9am 14% of 24MGW.
12.30 14% of 20GW SA producing in excess of demand and driving unsubsidised providers to the wall.