Bosses cry out for more public money

Image result for broken wind farms

Nothing new here: Chief executives of Australia cry out for clear energy policy in survey of top business bosses. Comes with Investment in solar and wind farms drying up. This is a very good news story:

A sharp slump in new ­investment in wind and solar farms will continue unless a price is put on carbon or the Renewable Energy Target is extended beyond next year, the Clean Energy Council warns.

CEC chief executive Kane Thornton said ­investment in ­renewable energy had dropped by 60 per cent in the past year and declines would continue without government intervention. He said this would put pressure on power prices and ­reliability as coal generators aged.

The comments ignited a ­debate about whether renewable energy was the cheapest form of power, as advocates including Anthony Albanese and Malcolm Turnbull claim.

Advocates from the far Labor left, that is. On the other hand, there is this:

Energy Minister Angus Taylor said large-scale renewables ­projects would not receive any further government support. “The clean energy industry has assured us that the cost of renewables is now competitive with alternatives so we would expect investment to continue in the ­absence of subsidies,” he said.

There is money to be made in energy, lots of money, but not one cent of subsidy should be any part of it.

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34 Responses to Bosses cry out for more public money

  1. stackja

    If renewable sources work so well why didn’t replace coal years ago?

  2. herodotus

    I’ll believe that this government is ceasing subsidies when I see proof. Also, will they cease making it compulsory to take wind gen power over and above others?
    It’s the market you have when you’re not having a free market.

  3. Cynic of Ayr

    It is no surprise that highly paid executives in the so-called renewable industry, insist that Government prop them up.
    These rent seekers, led by Malcolm Turnbull, John Hewson and others, all scream the mantra, “Highly paid jobs in the Renewals Industry!”
    No. Highly paid jobs for them. Anyone else? Not so much. Maybe the CFMMEU will get a few crumbs.
    It’s amazing, isn’t it? They sprout it every day.
    “Renewals are cheaper then coal!”
    Reply, “Well, compete with coal then.”
    Crickets!!!
    Saint Greta has the right idea, just the wrong people.

  4. Professor Fred Lenin

    Renewable energy is perfect , it works well well , when it works, the industry is now demanding the government cease all forms of subsidy ,”we can stand on our iwn two feet,we are perfect we will reduce prices ,after all our power sources ,wind and sun are free ,supplied by a generous gaia “.said a transgender spokesthing .
    The Morrison government is setting up an inter departmental comittee so studynthe implications of stopping subsidies , a result is expected by summer 2039 .

  5. Cynic of Ayr

    Soon, the legal actions will start. The Lawyers will cotton onto this – they always do.
    Kids turning 18 in a couple of short years, with no job because of their present actions, and their withdrawal from education. Who’s going to employ an arrogant, deceitful, rebellious kid? The Labor Party and the Greens can only take so many.
    Someone is going to have to pay for their naivety!
    Every single day gets one day closer to this:
    They said it was going to get really, really hot! It hasn’t! They lied to me;
    They said people were going to starve. They haven’t. They lied to me;
    Greta Thunberg told me that people were dying and suffering right now. They aren’t and they never were. She lied to me;
    All these people like Thunberg, Turnbull, DiCaprio, Harrison Ford, Al Gore, The ABC, all lied to me. They stole my childhood, they stole my education, they stole my job prospects, and they stole my life with their lies;
    There’s a class action going, and I’m joining it!

  6. Davo

    Nice statement,10 years late, but I doubt they’ll have the guts to carry through

  7. RobK

    This morning on the open thread an article listed said the Gratten Institute says RE with 6hours storage is cheaper than coal power. As shown on OT, 6 hours storage is not even close to dispatchable power. They are dreaming and in the process laying waste to a system that worked.

  8. duncanm

    Energy Minister Angus Taylor said large-scale renewables ­projects would not receive any further government support. “The clean energy industry has assured us that the cost of renewables is now competitive with alternatives so we would expect investment to continue in the ­absence of subsidies,” he said.

    about bloody time – it is heartening to finally see this gotcha being stated in mainstream politics.

  9. yarpos

    Business needs certainty. So they say. Once you remove risk from an operation havent you become a government department? The only certainty they want is certainty of subsidies and a tilted playing field.

  10. Mark M

    “A sharp slump in new ­investment in wind and solar farms will continue unless a price is put on carbon or the Renewable Energy Target is extended beyond next year, the Clean Energy Council warns.”

    Well, that would explain the current bushfires.

  11. Eyrie

    Interesting method to make renewable energy cheaper. Add taxes to the other forms so they become more expensive.

  12. If these CEOs are so concerned about climate change, why not be a bit more altruistic and do some good by investing in renewables without subsidies. Go to the shareholders and let them know that this is all good for the planet and they will, in due course, be rewarded handsomely for their efforts.

  13. Mullumhillbilly

    ‘additional’ is the weasel word in that quote from Minister Taylor. I guess it’s a start at least, let’s see if he can stick to it.

  14. struth

    Sco Mo just funded the clean energy council to the tune of a billion dollars.

    To the Kane Thornton above.
    Makes perfect sense………………………………………………

  15. Mark M

    Gotta laugh at Scomo and his failed xmas holiday.

    If Scomo didn’t perpetuate this UN doomsday global warming garbage, he could still be lounging around the pool in Hawaii.

    Another UN useful idiot.

  16. Bruce

    I’m receiving a couple of calls per week from sundry individuals pushing the availability of GOVERNMENT (i.e. TAXPAYERS) subsidies for the installation of domestic solar. Said provision of subsidy ( quaintly called a “rebate”) is due to expire soon, allegedly. It is starting’ to reek of the Pink Batts fiasco on steroids.

    Follow the money. These people would not be cold-calling thousands of people per day because they are driven by a need to be generous with their own cash.

    Someone, or many someones, somewhere, seem to be sitting on a potential goldmine as part of this huge money-go-round.

    Worse, there appears to some sort of ceiling on this rebate offer. If you are just getting the cheapest, minimum-spec “system”, it almost seems like a bargain. However, 6KW off the panels translates to somewhat less of “deliverable 230V AC. Unless you go the whole hog, with serious, “NASA-grade” panels, (at LEAST 15KW PEAK, serious battery bank that will deliver all day, everyday and an inverter that will deliver PRECISE 230V, 50Hz, PURE SINE-WAVE output, you are kidding yourself and potentially endangering your appliances and yourself. As for “Grid Feed”, enough crappy systems dribbling wonky waveforms into the mains grid may cause some interesting times. Never mind the grim realities of relative impedances.

    As I said, “FOLLOW THE MONEY”; the “spillage” on this caper could potential be huge.

  17. egg_

    If Scomo didn’t perpetuate this UN doomsday global warming garbage, he could still be lounging around the pool in Hawaii.

    Another UN useful idiot.

    Another UN cuck.

  18. RobK

    Said provision of subsidy ( quaintly called a “rebate”) is due to expire soon, allegedly.
    As I understand it the federal scheme is being wound back over ten years.

  19. And guess what? Fat people now contribute to climate change:

    Obesity Contributes Extra 700 Megatons of Carbon Dioxide Emissions per Year

  20. Squirrel

    “….A sharp slump in new ­investment in wind and solar farms will continue unless a price is put on carbon….”

    Another reason why the drum beat for economic stimulus is getting louder and louder – if all else fails, the “renewables are cheaper” bulldust will be replaced by “let’s spend big on greening our electricity system – it will create jobs and save the environment”. We’ve been here before.

  21. Lots of green jobs. the Bald Hills wind farm is a classic example of thousands of jobs not being created during and, especially, after completion. And how much free energy does it produce? SFA.

  22. MACK

    Righto Angus, you can now shut down the Clean Energy Finance Corporation.

  23. Ian of Brisbane

    Did we elect a conservative government or not?

    Sometimes I feel Morrison is just keeping the seat warm, not changing anything, in preparation for the next Labor government.

  24. Rayvic

    There is absolutely no justification for subsidising more renewable energy, as renewable energy is alleged to be cheaper, and therefore investment therein would consequently justify itself.

    There is no scientific evidence that reduction of man-made CO2 emissions would make any difference to climate change.

    In any case, under the Paris Accord, the Australian emission reduction would be offset many times over by China and India being allowed to grow man-made CO2 emissions until 2030.

    Malcolm Turnbull’s ratification of the Paris Accord demonstrates the gullibility of Australian politicians, whereby ensuing policy enactment called for affordability and reliability of the once-world-class Australian electricity supply to be sacrificed by subsidising intermittent, high-cost renewables at the expense of coal-fired generation. This in turn caused disinvestment in the economy and produced many job losses, thus reducing productivity and acting contrary to the national interest Sadly, this process is guaranteed to continue with more investment in renewables.

  25. Rayvic:

    There is absolutely no justification for subsidising more renewable energy, as renewable energy is alleged to be cheaper, and therefore investment therein would consequently justify itself.

    Seeing that the renewables are as cheap as coal, the industry needs to set up a levy for the deconstruction of the windmills and solar panels when they wear out.
    Miners have to do it, as well as the coal sector. So why not levy a new tax on renewables?

  26. Shaun

    Ian of Brisbane. Who anywhere said this government was conservative? Only anyone who is left. The politicians have been moving so far left for decades, it has got to the point where someone who would be deemed as in the middle or a bit left a couple of decades ago is nowadays labelled as “extreme” right wing.

  27. Shaun

    On 19th December this year with temps over 40 degrees in SA the wind farms were producing less than 200MW from approx 9am until 6pm across the entire 25 wind power plants. This is less than the lone Coal Power Station produced on it’s own. Please note the Coal Station at Pt Augusta was blown up and destroyed by the State Labor government. In my opinion an act of Treason as that is not governing for the people.
    No-one would buy a car that is supposed to be able to move at 60km/h or more but can only do 10km/h for hours on end and no ability to be able to increase it’s speed.

  28. RobK

    There is absolutely no justification for subsidising more renewable energy, as renewable energy is alleged to be cheaper, and therefore investment therein would consequently justify itself.

    There is no reason non-dispatchable power should have the same value as dispatchable power. Dispatchable power is of far greater value.

  29. Professor Fred Lenin

    Winston Smith What a good idea ,the carpetbaggers have to pay 50 per cent of proofit on top p\of company tax rates etc . The create an inspection ragime to ensure compliance wit strict rulle .to be paid for by a levu[y on the carpetbaggers nett earnings . Impose a few burdens on them like they did to coal, goose and gander time .(

  30. old bloke

    “….A sharp slump in new ­investment in wind and solar farms will continue unless a price is put on carbon….”

    There’s already a price on carbon, diamonds aren’t cheap.

  31. old bloke

    Rayvic
    #3269067, posted on December 21, 2019 at 6:51 pm

    There is no scientific evidence that reduction of man-made CO2 emissions would make any difference to climate change.

    In any case, under the Paris Accord, the Australian emission reduction would be offset many times over by China and India being allowed to grow man-made CO2 emissions until 2030.

    Ray, there are no “man made” CO2 emissions, burning fossil fuels simply recycles CO2.

  32. Gowest

    No wonder the MSM are trying to get rid of Angus Taylor… He’ dangerous!
    You might be correct Fred Lenin when you say The Morrison government is setting up an inter departmental committee to study the implications of stopping subsidies , a result is expected by summer 2039… Guess they will have to come up with something new now that they are all one department!
    As for Turnbull – we have a local politician using his allowance money to hook up with the chics while Turnbull used his to go to Paris, sign us all up for higher power prices and ensure that his sons investment firm did well. No prizes for guessing which one gets the CCC and 4 page MSM treatment!

  33. bollux

    We can talk about this all we like, /the time for doing something is upon us. Start with the Clean Energy Council. Is there anything more ridiculous than these grifters, or more useless?

  34. Tim Neilson

    I believe that Alf Traeger’s 1920’s style pedal radios are still being manufactured.
    Time to get one, so that when the winning combination of renewable energy and NBN inexplicably encounters reliability problems you’ll still be able to keep in touch with the world.
    Casting a mantle of safety over Clifton Hill and Darlinghurst.

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