More evidence that the “clean energy future” is a fraud:
Energy Minister Martin Ferguson has warned lower demand for electricity will “lock in” high-emissions, coal-fired power generation for longer and that the outlook for coal-fired power stations “looks a lot brighter” than five years ago.
Mr Ferguson warned that the role of gas – seen by electricity generators as a key to lowering carbon emissions – ”may take longer to materialise than previously expected”…
Treasury modelling predicts that, by 2020, coal-fired generation will decline by 9 per cent and gas-fired generation will increase by 26 per cent. Gas is seen as a key transition fuel away from coal while renewable technologies come down in price.
In a speech to the CEDA State of the Nation Conference in Canberra yesterday, Mr Ferguson said forecasts of electricity demand had been revised down 5 per cent across the National Energy Market and growth in demand was not expected to resume in the years ahead.
Add to that the lack of progress of carbon capture, the failure so far of geothermal power, the ban on nuclear, the effective ban on more hydroelectricity, the poor performance of large-scale solar, the expense of domestic solar schemes, and the uneven delivery of costly wind power and you have billions being wasted on a fool’s errand.
Andrew Bolt’s columns appear in Melbourne’s Herald Sun, Sydney’s Daily Telegraph and Adelaide’s Advertiser. He runs the most-read political blog in Australia and hosts Channel 10’s The Bolt Report each Sunday at 10am, and his book Still Not Sorry remains very widely read.