Australia’s self-inflicted renewable energy calamity was as perfectly predictable as it was perfectly avoidable.
The circus started in 2001, when Liberal PM, John Howard introduced a modest Renewable Energy Target, which translated at the time to around 5% of electricity generation.
Thereafter, wind power outfits, like the notorious Babcock & Brown (which went bankrupt and Phoenixed to became the infamous Infigen) worked on every level of government to expand the Federal government’s RET and to otherwise provide carte blanche to build turbines anywhere and operate them any time, with complete impunity.
For a rundown on how it all began see our post: How a Band of Criminals, Shysters & Chancers Conjured Up the Wind Industry in Australia
Things escalated in 2009, when the Green/Labor Alliance, led by Kevin Rudd ramped up the RET to mammoth proportions. The Large-Scale RET was increased to an ultimate annual target of 41,000 GWh and…
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