Renewable power to boom on cheap money as coal loses out, Garnaut says

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Economist Ross Garnaut says the economic crisis will lead to growth in renewable energy at the expense of coal, and argues we shouldn't fear taking on debt to fuel a green economic recovery from the coronavirus pandemic

The global downturn had put "great pressure on coal based generation which is experiencing very low prices in the wholesale market," Professor Garnaut said. "The natural economic thing is for early closures [of coal-fired power stations]."

Professor Garnaut made the case for public and private investment in renewables to the Smart Energy Council conference on Wednesday, ahead of addresses from the state premiers of Queensland, South Australia and Western Australia. Ms Palaszczuk said "new economy minerals" such as copper, cobalt, zinc and lithium, which are needed to build wind turbines, solar panels and batteries, could boost the state's mining sector and lead to new manufacturing jobs.

 

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Let’s use taxpayers money to buy solar panels and wind turbines off China to create jobs for them and in return give Australian manufacturing an unreliable energy source. We are the laughing stock of the world. You can’t make this shit up.

Is that Ross Gonski

He is suffering from.bloating and internal.wind turbines!!!!

Biomass generators, solar and wind? No thank you. My solar panels cannot deliver and I think we changed from burning timber to burning coal decades ago because there are not enough trees to burn to generate energy. What about clean nuclear or fusion 24/7?

Most renewable energy investment is BIOFUEL: chopped down forest plus car tyres to aid combustion. . . worse than coal! That is from a well meaning Leftist environmentalist in Planet of he Humans.

Idiots

This bloke has spent the last decade defending his own failure in trying to create a market for carbon, something nobody wants to trade. He is no longer an economist but a professional cheerleader for the least viable and least efficient for of power generation.

He is from the Luftwaffle Network!!!!!

He has a recurring renewable ailment!!!!!

Its Dr Magoo!!!! Ross Magoo from Magoo's Economic recovery Network!!!!!

another unhinged derailed lefty.

Q Whats Garnaut's basis for a growth in renewable energy?

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