The Abbott government has resorted to simply making up numbers in its desperate attempts to maintain a scare campaign against proposals to lift Australia’s renewable energy target and take bolder action on climate change. On Monday, Prime Minister Tony Abbott claimed Labor’s 50 per cent renewable energy target would cost $60 billion – a number an advisor later admitted had been found in The Australian, which in turn had quoted consultants ACIL Allen, who in turn later admitted it was a “back of the envelope” calculation. And not a very good one at that. It assumed that … It assumed that the renewable energy target would be made up only of wind turbines. … It was based on old assumptions on the cost of wind energy, and ignored the prospects of solar, which will halve in price over the next five years, and more beyond; and ignored the likely cost savings to consumers from energy efficiency and other technologies such as rooftop solar and battery storage.
Renew Economy: Giles Parkinson: 28 July 2015
Key Words: OzPolitics