Renewable energy projects fast-tracked   


New Daily
Oct 19 2022

Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices.   

The government announced $1.5 billion would go towards Marinus Link, a power project linking Tasmania and Victoria, as well as other renewable initiatives such as offshore wind.

Funding for the Marinus Link will include money from the federal, Victorian and Tasmanian governments, with the prime minister saying it will lead to 1400 construction jobs as well as 1120 other jobs associated with the project.

Prime Minister Albanese said the projects would be the biggest energy investment since the Snowy Hydro scheme was unveiled.

“(It’s) a good idea which has been through all of the business cases (and) will now become a reality,” he told ABC Radio on Wednesday.

“It’s a very exciting announcement for Tasmania, but indeed it’s a nation-building project as well.”

Marinus Link is expected to cost $3.8 billion and the prime minister said any budget blowouts were unlikely.

“This project has been studied to death,” Prime Minister Albanese said.

“($3.8 billion) is the estimated cost, but this is an investment, it’s important that this project will be owned by the three governments of the Commonwealth, of Tasmania and Victoria – they should remain an asset.”

The governments are expected to contribute equally to the project, making up 20 per cent of the equity investment.

The remainder of the funding will come from a concessional loan through the Clean Energy Finance Corporation.

Government funding has also been secured for the Victoria-New South Wales interconnector project, which will get a $750 million concessional loan to make sure it is completed by 2028.

State and federal regulatory processes will also be coordinated to help get the offshore wind industry off the ground faster in Victoria.

Energy Minister Chris Bowen said increased action on renewables through large projects such as Marinus Link was essential.

“We have 86 months to 2030 to reduce our emissions … we are dealing with the implications of having four gigawatts of power leave our system in the last decade and only have one gigawatt come in,” Minister Bowen told ABC Radio on Wednesday.

“We’ve got to fix that, working in partnership with the states and territories and the private sector, and that’s exactly what we’re doing.”

Minister Bowen said the project, in planning for six years, would also allow for a boost to renewable energy in the jurisdictions.

“It means that Tasmania, which is currently 100 per cent renewable, will now have the opportunity to get to 200 per cent renewables,” he said.

“This is the equivalent of 140 million tonnes of CO2 coming out of the atmosphere by 2050, or … taking a million cars off the road.”

Prime Minister Anthony Albanese has labelled a multi-billion renewable energy initiative as a “nation-building project”, promising it would help to lower power prices.

Utter smacking bullshit

thegreatdivide wrote on Oct 19^th, 2022 at 8:49pm:


They already have enough theoretical renewable capacity. It takes fossil fuel and nuclear power to make the renewables. IF they ever get to the stage they can make renewables from renewable power, then and only then, will renewables have proved themselves.

You think twice nothing is something more than nothing.

lee wrote on Oct 20^th, 2022 at 11:46am:


So Obama's plan was flawed, being steeped in neoliberal market ideology.

The coal industry should be nationalized, renewables rolled out ASAP, and coal progressively closed.

Cap and trade, and carbon taxes, are all orthodox neoliberal economic failures.

lee wrote on Oct 20^th, 2022 at 12:34pm:


?? Obama was the dummy who fell into line with  Larry Summers who advised Obama in the GFC to rescue the banks with government money borrowed from...the banks....

Obama knows nothing about economics. 

Quote:


Not all the time: back-up gas can be turned on and off, if required.

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Filthy coal (expensive to clean) must be shut down ASAP.

Oz has a wonderful opportunity to demonstrate a near 100% renewable economy within a decade, powered by free sun and wind. 

lee wrote on Oct 20^th, 2022 at 2:51pm:


The cost of a flame to keep the plant warm enough to fire up?

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neoliberal propaganda

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ASAP means just that - ASAP.  There is no "limited supply"  of Oz gas: the greedy profit driven fossil companies are exporting most of it overseas.

That's why coal and gas need to be nationalized. 

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Because the greed-based private sector fossil industry is still running the show around the world; nevertheless, Oz in particular  is high on the list of nations who could achieve near 100% renewables within a decade, given Oz's  vast solar and and wind resource and small population.

lee wrote on Oct 20^th, 2022 at 6:04pm:


The Vic government starting down the right track.....nationalization of the SEC.

Frank wrote on Oct 21^st, 2022 at 3:02pm:


banned further gas exploration, as he must. Oz is producing more than enough gas to enable an orderly transition to renewables. 

Frank wrote on Oct 21^st, 2022 at 3:28pm:


Because greedy private companies are exploiting high world prices, rather than selling Oz gas to Australians for a reasonable price. 

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You summed it up nicely.

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Dear me.

1. Oz is already extracting plenty of gas, to enable  closure of coal ASAP and transition to renewables in an orderly fashion.

2. The greedy private price gougers should be pissed-off, neither Oz nor the world needs them.

3. There is plenty of gas available to the rest of the world without needing to import Oz gas which should be used here. 

thegreatdivide wrote on Oct 21^st, 2022 at 2:24pm:


Now all we have to do is wait.

TGD doesn't want the world to share Australia's good fortune. He wants us to watch Europe and Britain be starved of fossil fuels. China is apparently ok.

lee wrote on Oct 21^st, 2022 at 8:58pm:


How so? Consensus is we have to begin reducing CO2 emissions, not increasing them.   

thegreatdivide wrote on Oct 22^nd, 2022 at 11:11am:


Is that the same Russia denying gas to Europe unless in Roublenka?

thegreatdivide wrote on Oct 23^rd, 2022 at 10:58am:


Rubbish. Poor Russia wasn't forced to annexe any part of Ukraine. Your love affair with communism is showing.

thegreatdivide wrote on Oct 23^rd, 2022 at 10:58am:


So the UN should go in against Russia.

thegreatdivide wrote on Oct 23^rd, 2022 at 11:10am:


No it is not. Making the wealthy as poor as the poor doesn't work. Which is exactly what your "policy" would achieve.

thegreatdivide wrote on Oct 23^rd, 2022 at 11:10am:


But he is already AT war.

thegreatdivide wrote on Oct 24^th, 2022 at 11:05am:


So an average then. Lift up the poor to the average. Reduce the rich to the average. And expect the rich to keep funding the poor, whilst actually making and selling things with no risk.

thegreatdivide wrote on Oct 24^th, 2022 at 11:05am:


You really let yourself go on hyperbole don't you?

thegreatdivide wrote on Oct 24^th, 2022 at 12:19pm:

So pay non-workers more because they deserve it.

thegreatdivide wrote on Oct 24^th, 2022 at 12:19pm:


Then there is only fiat MMT, the non-inflationary payment.

thegreatdivide wrote on Oct 24^th, 2022 at 12:19pm:


Rubbish. The public sector is a drain not a fountain.

thegreatdivide wrote on Oct 24^th, 2022 at 12:19pm:



When you extend it to my supposed complicity.

thegreatdivide wrote on Oct 24^th, 2022 at 4:46pm:


Now all you have to do is convince everyone that they want to be employed. What about sit down money?

thegreatdivide wrote on Oct 24^th, 2022 at 4:46pm:


Bullshit.

thegreatdivide wrote on Oct 24^th, 2022 at 4:46pm:


And yet it comes on the back of taxation. Not some fountain of money but a drain on taxpayers.

thegreatdivide wrote on Oct 24^th, 2022 at 4:46pm:


Now you show exactly how little you know.

thegreatdivide wrote on Oct 24^th, 2022 at 4:46pm:


No I am not. You are really. really stupid if you genuinely believe that. Absolute national sovereignty doesn't give anyone the right to wage war.

thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


Sop not everyone wants to work.  thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


Why your was pure Bullshit.

thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


So tell me about these lenders of last resort that lend to the schools? The Reserve Bank is private?

thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


You just explained your own biased view, Nothing to do with the real world. You talk bullamacow.

thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


No it does not.

thegreatdivide wrote on Oct 24^th, 2022 at 5:28pm:


More rubbish.