GREED Vs FUTURE Originally intended to snare 20 per cent of Australias electricity generation industry by the end of the decade, its on track to grab 28 per cent, all the while having an impact on prices the panel says appears to be small. Whats not to like? Its killing the coal-fired power generation industry. The panel doesnt put it that crudely. It refers instead to a transfer of wealth among participants in the electricity market. If by 2020 retailers are required to buy 41,000 gigawatt hours from new pollution-free suppliers, the old polluting suppliers are going to sell 41,000 gigawatt hours less. Read more: smh.au/federal-politics/political-opinion/success-the-renewable-energy-targets-greatest-failing-20140828-109m7t.html#ixzz3BklYyMpO
Posted on: Fri, 29 Aug 2014 04:48:55 +0000