Despite plummeting costs of renewables the government and the BCA insist that emissions reduction would be ‘economy wrecking’
Fresh from losing the economic fight about company tax cuts, the Coalition government is doubling down on an economic fight about renewable energy. And yet again, as they march into battle they have the Business Council of Australia as their key source of economic and political advice. What could go wrong?
The cost of renewable energy has fallen dramatically in the past 10 years and will continue to fall for years to come. By some accounts, new renewables with storage are already cheaper than coal fired power stations. Some argue that they aren’t quite there yet. But no one argues that in 30 years’ time a new coal-fired power station that has to buy coal will be able to compete with a solar farm that gets its sunshine for free.
Continue reading...from The Guardian https://ift.tt/2EuuGq3
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