The good news, it is possible to reduce fossil fuel use in electricity generation — through hydro-electricity and nuclear fuel. Plenty of countries have done it — Canada 60 per cent hydro and 15 per cent nuclear; Sweden 45 per cent hydro and 48 per cent nuclear; Switzerland 54 per cent hydro and 41 per cent nuclear; France 11 per cent hydro and 79 per cent nuclear.
But Australia has zero tolerance of these two workable alternatives to fossil fuels. At least we are consistently inconsistent.
So where does that leave us? On the basis of evidence everywhere we could easily double the price of electricity and get nowhere near the 50 per cent target. What would that mean?
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First, it means rapidly disappearing blue collar jobs in high energy industries like manufacturing, car and ship building, smelting and refining, steel making and food processing. There may be still some construction jobs, but they will largely be assembly only, as all of the components will come from those countries more interested in growing the economy and eliminating poverty than stoking the warm inner glow. Make no bones about it, a clean green economy has no place for high-vis shirts.
Second, rapidly rising electricity prices and the subsequent increase in the cost of living, disproportionately affects those at the bottom of the income scale.
Policies like this are OK for the Greens. They can keep their virtue intact because they never have to deliver. As Gough Whitlam once said, only the impotent are pure.
Mainstream parties don’t have that luxury. They need to look at the true costs, and benefits, of all policy proposals.
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