Dborn
Confirmed
And that would inevitably lead to higher prices still on electricity, which would have been passed on leading on to higher prices for everything else. When I look at what things cost in say the USA compared to here, I weep. I mean let’s just take Tesla cars. The price is the same around the world, but look at what we pay for them compared to the USA. Yes, I know about shipping and marine insurance. But for the rest? All various taxes. We have 25 million people here now. It is clear many are leeches not pulling their weight and a major drain on the economy.The main problem in Australia is that we don't have any fiscal incentive towards renewables.
In the real world, things don't happen because it's the right thing to do. Things happen because they are the cheapest and easiest thing to do.
This is even more true when the decisions are being made my publicly listed companies, rather than governments.
Coal power and petrol transport do not have to pay for their negative externalities. The cost of dumping exhaust gases in cities and tunnels is deemed to be zero. The cost of pumping megatons of CO2 out the chimney is deemed to be zero.
The simplest way to price these externalities correctly would have been a carbon tax. Much simpler than trying to micro-regulate all emitting industries. Sadly our country has too many people susceptible to carbon industry propaganda, and our political system is too weak to enforce an unpopular action.
The slogan for the carbon tax should have been "Tax emissions not incomes!".
Take Iceland again. The only things cheap there is electric power and heating. They are a big island too, with a total population of 300000 requiring most everything to be imported. Everything else there is very costly. They don’t have the tax base there. Here we do. No real excuse.
We are making almost nothing here. Not even petrol! Geez, how dumb is that? Strategically a disaster! We export iron ore. Why? Why are we not exporting finished steel! I am not sure about bauxite, but we probably export that too without refining it to aluminium. Exhobitant labour costs is a major reason as are many of our trade unions. Just too hard for employers to have to deal with them. Much easier just to bypass them. I am sure that is why the car industry died here. Input costs way over the top. So, wonderful terms and conditions extorted by the unions, but now no jobs available, so what did they achieve? Same goes for aviation servicing and on it goes.
And you want to push external pressures higher? Man no wonder it was politically unacceptable to keep up a carbon tax. The only real cost benefit to Australia for all this pain, is reduction of smog in our cities. It would make near zero difference to global climate outcome. Where you have billions of people pouring out pollution like India or China reduction there might make a difference. Ditto the USA, Europe and Russia. None of them is killing themselves to the same extent we are.
Every country is different and it natural resources are different. New Zealand can largely go renewable because of all its natural resources, water for hydro and ample geothermal, plus some sun. With Australia, yep we have heaps of sun, but really far from population centres if you want daily consistency, and then to pipe it long distances to population centres is prohibitive, not to mention losses along the way, and then, on top of that, massive battery storage required. Overall costs of that scenario? We might just as well migrate somewhere where the cost of living becomes more reasonable.
Distributed solar with battery backup? Alone it too can’t guarantee unbroken supply. So, it is a choice. You want to slip back towards a more primitive type country like many in Africa, or you want to remain first world.
Sure I am not quoting facts and figures. Just logic as I see it.