| Enough Power Lines to Cover the Earth Like a Skin Disease |
Friday, 12 July 2024 | | By Nick Hubble | | Editor, Strategic Intelligence Australia |
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[3 min read] Dear Reader, The Labour government is saying nuclear power is too complex, costly and slow. But we need to get our electricity somehow. So, really, it’s a simple question: are renewables any better? Sure, throwing up a solar panel on your roof is cheap and easy. But that’s only a small part of what it takes to transition to renewable energy. Renewables shuffle the financial challenge of the energy system around. This makes them look cheap in comparison which doesn’t take their full costs into account. The Australian Financial Review is reporting how the electricity grid’s rollout is progressing: ‘Downer EDI has started assisting Spain’s Elecnor on the NSW side of the $2.3 billion EnergyConnect cable from South Australia, as grid owner Transgrid tries to prevent a collapse of the troubled project critical for the transition to low-carbon energy.’ ‘Collapse’ of a project that’s ‘critical for the transition to low-carbon energy’? Uh oh… Is it really that bad? Yes, according to a recent Strategic Intelligence Australia report... Continue Reading... All advice is general advice and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment. |
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