Australia’s Renewable Energy Target reads like a National suicide note, but the land of Oz is no orphan in that regard. If the enemies of state were looking for insidious, all-pervasive policy perfectly designed to wreck an economy from within (while barely raising a murmur amongst the proles), they need look no further than ratcheting up subsidies, mandates and targets for intermittent and unreliable wind and solar.
Australia’s wind and solar capital, South Australia set and met its very own 50% RET: it pays the world’s highest power prices, as a result; little wonder it’s an economic backwater, critically dependent upon make-work schemes funded by Commonwealth taxpayers. Once upon a time, it enjoyed the cheapest power prices in Australia and was a manufacturing powerhouse.
Places like South Australia, Denmark and Germany put paid to the lie that wind and solar are both cheap and reliable.
But, as Michael Shellenberger…
View original post 1,716 more words
