Rooftop Solar Power Australia – $14 Billion For Richer Australians To Pretend They’re Saving The Planet

Posted on Mon 05/25/2015 by

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Bolt New 01By Andrew Bolt ~

Poorer Australians are giving richer Australians $14 billion to subsidise a warm inner glow – and feed a fantasy that they are saving the planet:

Rooftop Solar Panels300The costs of programs to encourage the installation of rooftop solar systems have outweighed the benefits by $9 billion and will result in a $14bn subsidy being paid by consumers who do not have panels to those who do…

The report by Grattan energy program director Tony Wood and energy fellow David Blowers says while solar rooftop programs have cut emissions it has been expensive — the equivalent of a carbon price of $170 a tonne…

By comparison, the Gillard government’s carbon price was $24.15 a tonne when it was repealed and the Abbott government paid an average price of $13.95 a tonne for carbon abatement at its first emissions reduction auction last month.

Andrew Bolt is a journalist and columnist writing for The Herald Sun in Melbourne Victoria Australia.

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. He is also heard from Monday to Friday at 8am on the breakfast show of radio station MTR 1377, and his book  Still Not Sorry remains very widely read.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/