Australian govt may dump renewables subsidies

Minister Josh Frydenberg has just implied Australia might drop ongoing endless renewables subsidies (and thus dump the Finkel chief “scientist” plan). He didn’t say that in so many words, but hinted at it, and will now wait to see how the idea goes down. Soak in the reasoning — renewables are becoming so cost competitive they don’t need subsidies. He’s calling their bluff.  It’s like the announcement to sack climate scientists because “the science is settled”. Let’s take them at their word and follow that propaganda to its logical end:

The key message from Josh Frydenberg is that subsidies for renewable energy are coming to an end.

There is no Clean Energy Target in sight in Frydenberg’s plan for a new policy by the end of this year. The phrase does not get a single mention in his new speech on the way ahead.

In a key argument, the Energy Minister argues that the cost of building wind and solar power has more than halved in recent years.

He does not rule out more subsidies explicitly, but the clear suggestion is that renewable energy generators are now at a point where they […]

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October 8, 2017 at 11:45PM

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