Australia’s Renewable Energy Calamity: The Never Ending Story Continues

Australians probably feel like they’re stuck in the MA sequel to The Never Ending Story – a horror movie in which a band of lunatics, driven by greed, stupidity and ideology took a little under a decade to destroy a once wealthy and prosperous Nation, while their renewables rent-seeking mates pocketed more than $60 billion in subsidies, paid for by power consumers, punished with ever rocketing power bills.Forget ‘jobs and growth’, in Australia it’s a fight for survival, more like the Hunger Games.While Malcolm Turnbull and Josh Frydenberg have clearly lost the plot, Judith Sloan continues to impress with her detailed insights into Australia’s self-inflicted power pricing and supply calamity.

Source: Australia’s Renewable Energy Calamity: The Never Ending Story Continues

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