Tuesday, July 28, 2009

The Costs to Australia of Renewable Enegy

Here is a submission to the Australian Senate that highlights the foolishness of the Federal Government's push to have 20% of electricity produced by Renewable Energy sources.
The costs will be enormous.
The key points are:
  • The requirement would markedly raise electricity prices;
  • impose a direct cost of $1,800,000,000 annually;
  • increase consumer costs and decrease the competitivness of our industry;
  • cause far more job losses than would be created by renewable energy.


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