12th December 2010
Green Power generates Red Ink
It's time to end the mollycoddling of wind and solar energy toys before this stupidity does irreversible damage to Australia’s electricity supply and costs.
The mindless green dream of producing serious base load power from whimsical breezes and intermittent sunbeams has caused a halt to new low-cost coal power, a boom in expensive gas power, a national debate about nuclear power and no effect at all on global climate.
The frivolous wind and solar generators already installed have caused a surge in electricity prices, a bonanza for Chinese manufacturers and well founded doubts about our future ability to keep the lights on.
Provision of cheap reliable energy is a basic requirement for modern civilisation and is the engine that lifts people from poverty. It is far too important to be left to green dreamers, anti-industrial zealots, vote seeking politicians, engineering illiterates and guilt-ridden millionaires.
It is already obvious from Denmark, Spain, California and Germany that subsidising green power creates very little power but much red ink in the accounts. It always causes massive burdens for tax payers, electricity consumers and industry. Tax payers and investors will rue the day they allowed politicians to waste their savings on chimeras.
Get rid of all the mandated markets, subsidies and tax breaks for all energy generators, and leave power engineers and business managers to work out how best to supply our future energy needs in a free competitive market.
Subsidised power must collapse under its own dead weight. But every day's delay increases the eventual cost.
The Green Energy Collapse:
Creating Green Jobs, in China: