From Australian Financial Review – Slow Start Tipped for Clean Enery

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…

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: