Australian Financial Review
5 August 2011
Slow start tipped for clean energy
Marcus Priest
A price on carbon will not drive significant investment in renewable energy until 2027 and is unlikely to affect regional economies such as the Latrobe and Hunter valleys, according to new research.
Despite the government’s claim that the scheme will drive investment in clean energy, reports by SKM-MMA and ROAM Consulting, which underpin Treasury modelling, highlight that it will produce relatively little reduction in emissions by 220 from the electricity industry.
This is because the low carbon price of $23 a tonne is not high enough to force closure of the major emitting coal-fired power stations, nor drive investment in baseload gas power plants because of high gas prices…
From Australian Financial Review – Slow Start Tipped for Clean Enery
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