Last Chance Hotel: Australia’s Energy Crisis at the Crossroads

Australia’s energy crisis is a self-inflicted calamity with no apparent end in sight.The PM, Malcolm Turnbull seems intent on protecting his son, Alex’s investment in Australia’s most notorious wind power outfit, Infigen (see our post here).While his gormless Energy Minister, Josh Frydenberg behaves like a punch-drunk boxer, who cannot land a punch and with absolutely no idea what’s going on around him.Into that mix strides Alan Finkel; a boffin tasked with trying to rescue Australia’s power grid from imminent collapse, the consequence of loading it up with intermittent, chaotic and erratic wind and solar power.Some see Finkel as the Great White Hope.STT will reserve its judgement on that matter: bright and shiny ideas are one thing, implementing them over a pack of rabid, salivating rent-seekers out to prevent you from doing so is quite another.However, as The Australian’s Nick Cater correctly observes, Finkel’s report on Australia’s renewable energy fiasco offers the Federal Liberal/National Coalition government one last chance to dig the country out of a massive economic hole.

Source: Last Chance Hotel: Australia’s Energy Crisis at the Crossroads

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