Keith Duncan, Pimlico
Anyone thinking the train-wreck – as best describes the energy policy of the federal coalition government – couldn’t possibly get worse, think again, it just did.
Scotty from marketing and Emissions Reduction Minister Angus Taylor (I know, it’s insulting) announced public money will be used to intervene in the free-market to finance ‘carbon-capture and storage’ – an unproven, extremely expensive technology, that does not commercially exist anywhere in the world.
Instead of allowing the free-market to make an orderly transition to vastly cheaper renewable energy sources with zero emissions, this irresponsible prime minister, who only takes advice from simplistic, vested-interest groups, (the gas and coal industries), is only ever interested in short-term political gain – and not the country’s long-term interests.
The only way that new gas/coal projects are going to be commercially viable in a low-carbon future, will be as small scale backup for renewables. Banks will no longer fund large-scale gas/coal generation, and insurers won’t insure it, the plants will be stranded taxpayer-funded assets within a decade.
Well may we blame the dire position Australia is now facing on the failure of the Labor Party to remove this appalling fossil-fueled coalition government at the last election. However, we all must get smarter, we could be facing another election next year, and cannot afford to be conned by the marketing guy again! We’re out of time.