John Englart for NoFibs.com.au:
Significantly, this week we have had the Prime Minister Malcolm Turnbull making statements in support of ‘clean coal’ at the National Press Club. Similar to Tony Abbott’s coal lobby line of Coal is good for humanity. The Australian Conservation Foundation were quick to send a Note to PM: clean coal doesn’t exist.
Turnbull’s speech was a signal for the troops to rally and amplify the signal to support coal. Never mind that if these plants will ever get built it will force electricity prices to skyrocket.
Climate and Energy Minister on ABC radio AM program on Thursday said High efficiency, low emissions coal power crucial to transition to clean energy.
Treasurer Scott Morrison is not adverse to the possibility of using Clean Energy Finance Corporation to subsidise coal plants. Such an outlandish and expensive idea.
Resources Minister Matt Canavan willing to open the $5 billion Northern infrastructure fund for clean-coal power stations.
Deputy Prime Minister and National Party Leader Barnaby Joyce also weighed in and said Australia should build new coal-fired power stations
According to energy analyst Tim Buckley from IEEFA via a tweet, The AI Group shows that at 60% utilisation, new Australian USC minemouth-coal fired power would cost A$100/MWh i.e. 15% more than renewables.
The expert view at The Conversation is that New coal plants wouldn’t be clean, and would cost billions in taxpayer subsidies. Other experts were clear: Electricity prices could double with new coal-fired stations.
Why do we get such bad policy from this government? Maybe it’s the advisors that they appoint.