Global Patsy Australia sacrifices coal, gas, cheap electricity, lifestyle in quest to cool Earth by no degrees
By Jo Nova
Welcome to Futility Island
Futility Island.
Shut down Australia and save 0.01 degrees.
Australia’s role as the Global Renewables Crash Test Dummy continues.
Having installed more renewables per capita than anywhere on Earth, our PM declared that the decade of doing nothing was over. It was time to crash faster, or something.
So, the revamped Australian carbon tax called the Safeguard Mechanism does everything it isn’t supposed to. Gas and electricity prices will rise, climate targets will be harder to reach, the grid will get more unstable, and investors will run a mile now that new gas fields have to be “net zero” — meaning presumably they will have to buy carbon credits before they sell their first cubic meter of gas. The field of ineptitude even reaches overseas — with less gas for sale — our trading partners will just buy more coal.
https://joannenova.com.au/2023/03/labor-govt-casts-legal-spell-hoping-to-make-planets-weather-nicer/
