Green Aussie PM Caves, Offers Subsidies for Coal and Gas
18 hours ago Eric Worrall 121 Comments
Essay by Eric Worrall
Australia has embraced a worst of both worlds energy policy, in which both renewables and fossil fuel providers will receive generous subsidies to maintain their services.
‘Stakes never higher’: energy board releases capacity market blueprint
Energy Security Board says fossil fuel generators might need to be paid to stay in business to retain capacity
Peter Hannam Mon 20 Jun 2022 03.30 AEST
Coal- and gas-fired power plants could be paid to stay in business to bolster the stability of the main electricity grid and attract enough investment to build the equivalent of 50 times the original Snowy Hydro scheme by 2050, according to a high-level design paper released by the Energy Security Board.
https://wattsupwiththat.com/2022/06/20/climate-activist-aussie-pm-caves-offers-capacity-subsidies-to-coal-and-gas/
