Frydenberg’s Folly: Australia’s Renewable Energy Target Destined to be Capped or Scrapped

When a policy is unsustainable, either it will collapse under its own ponderous weight, or its promoters will eventually be forced to scrap it. Australia’s Large-Scale Renewable Energy Target is just such a policy. In the cutting British satire, Extras, the hapless Andy Millman (Ricky Gervais) is always foiled by his gormless but lovable side-kick, […]

Australia’s Energy Debacle: South Australia Just the First Victim of the LRET’s $45bn in Wind Power Subsidies & Fines

*** Last week saw Federal Energy and Environment Minister, Josh Frydenberg briefly float and then just as quickly scrap the idea of a ‘carbon’ credit trading scheme, which – as we set out in yesterday’s post – counter-intuitively had the potential of avoiding a complete political disaster for the coalition. While a media scrum kicked […]

Frydenberg’s Carbon Credit Capers: Coalition Signals the End for Australia’s Renewable Energy Target & Wind Power

*** A week is an awfully long time in politics and, when the subject is Australia’s calamitous energy policy, it’s a veritable aeon. When Josh Frydenberg waltzed into the Energy and Environment Portfolio, STT tried to warn the ambitious colt from Kooyong that he had, in fact, just inherited a political poisoned chalice. Last week, […]