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https://reneweconomy.com.au/duttons-dumping-of-climate-target-would-be-a-disaster-for-power-prices-families-and-business/>
"It appears some people have learned absolutely nothing from 20 years of
climate wars.
Peter Dutton has announced he would dump Australia’s 2030 climate target and
walk away from our Paris Commitment.
This would be a disaster for power prices. A disaster for families and
catastrophic for businesses large and small.
Dropping the commitment and withdrawing from the Paris agreement will spook
investors, slow new investment and result in higher power prices.
Driving down power prices and ensuring the lights stay on requires more
investment in clean energy, immediately. It’s simple supply and demand price
dynamics.
Australia’s commitment to 43% emissions reductions has helped give investors
certainty that Australia is serious and investments in clean energy valued.
There is a cruel time lag between cause and effect.
The effect of bad energy policy doesn’t show up for three or four years – the
next political term. Good strong sensible policy that delivers much needed new
investment takes a number of years to flow through to lower power prices.
That means the decision makers in power today, are often benefiting or
suffering the political effect of the decisions that previous governments made.
It’s cruel and means voting public are easily confused on the cause and who to
blame when things aren’t going well."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
