Apologies to foreign readers as we rake over the Stupidest Energy Policy on Earth. This really takes the cake. Back in 2010 Rudd signed off on an extension of subsidies to renewables generators that would apply from 2020-2030, long after he would be gone. Effectively this decision will take $20 — $30k per Australia over that decade – in the order of $100,000 per family – and gift to the renewables industry. Naturally, in the public arena, an issue this big was decided with major, some, no discussion at all.
The ABC investigated the intricacies of who knew what and when in the knifing of a first term PM, but billions of dollars — who knew?
Dennis Shanahan raised it today in The Australian
Rudd renewables extension upped power bills $7.5bn
Electricity customers face an extra burden of between $3.8 billion and $7.5bn in “windfall” subsidies for renewable power generators in the next decade because of the stroke of a pen in the last months of Kevin Rudd’s prime ministership.
Against advice from consultants, energy companies and the Australian Conservation Foundation, the Rudd government in 2010 extended the phasing out of the renewable subsidies for existing operators from […]
via JoNova
October 23, 2017 at 05:42AM
Iowa Climate Science Education 