WRITTEN BY ALAN MORAN ON JAN 26, 2023. POSTED IN LATEST NEWS
Billions In Taxpayer Subsidies Hide The Enormous Costs Of Renewables
solar farm australiaAustralian governments have made energy policies focused on achieving higher shares of renewable energy that they claim is the cheapest source of power.
The Commonwealth government is planning for renewables to reach 82 percent of supply by 2030, while the Liberal Party’s plan is for 85 percent by 2050 and 61 percent by 2030. State governments have additional plans. [emphasis, links added]
In pursuit of these goals, governments around Australia are being sucked into a vortex requiring ever-increasing controls, while seeing mounting cost increases.
Subsidies that amount to $6.9 billion per year have propelled wind and solar, which had virtually no market presence 20 years ago, to their current market share of 27 percent.
https://climatechangedispatch.com/billions-in-taxpayer-subsidies-hide-the-enormous-costs-of-renewables/
