Finkel report: governments should control electricity market to change weather

Tomorrow Chief Scientist Alan Finkel is delivering a report that could potentially split the Liberal Party. Turnbull was tossed out by the party in 2009 because he supported the bank-friendly emissions trading scheme. Now the debate is back again in a different guise — called a LET scheme (low emissions target), or a CET scheme (Clean Energy Target). Details are scant at the moment. On the plus side, it appears it’s not necessarily a trading scheme (code for banker driver fiat currency) and it’s aimed at “emissions” directly instead of “renewables” (which makes it slightly more direct and gives the market a tiny bit more freedom, except of course, the market can’t choose “Nukes”.). On the downside, it’s still a pointless waste of billions of dollars in a futile attempt to slow storms for our grandchildren. If it succeeds in reducing emissions, it will reduce airborne plant fertilizer.

Split coming in the Liberal Party again?

Tony Abbott has warned the federal government it would be making a big mistake if it adopted a low emissions target that made it hard to build new, more efficient coal-fired power stations. The former prime minister expressed his “anxiety” around reports […]