How the US smashed Australia on climate change

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The Guardian is The Greens propaganda sheet, and sometimes this comes with a few problems, such as this:

Greens say government has ‘utterly caved to fossil fuel lobby’ with new gas strategy

The Greens environment spokesperson, Sarah Hanson-Young, says the government’s new gas strategy shows they have “utterly caved in to the fossil fuel lobby”. In a statement this morning, the senator argued Labor has thrown “any climate credibility out the window” and said:

On the same day the world’s scientists are sounding the alarm that we’re heading off a climate cliff, Labor has slammed it’s foot on the gas, in a naked attempt to pander to big gas …

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Followed by:

Unscheduled coal plant outages part of NSW’s power stains

So what’s triggered this rare price cap intervention in the wholesale power market? (See previous post)

Anyone living in eastern NSW would know the past week or so has been relatively cloudy and at times pretty calm. That’s been bad for renewable energy output.

Also not helping has been the unscheduled outages at three coal-fired power units. Two of them were at Origin Energy’Eraring power plant, and the other at Vales Point. (Here’s yesterday’s generation, via the Victoria Energy Policy Centre.

Origin’s spokesperson says “there were short-term unplanned outages for routine repairs” at Eraring. One of the two units should be back online later today and the other one by the end of the weekend.

And to fill the gap, gas-fired power stations have fired up, burning the expensive fossil fuel, the VEPC data shows:

So, what do these spoiled brats want? No coal. Sure, mass blackouts.

No coal and no gas. Sure, living in the Dark Ages.

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We must have gas as firming power while we build out power storage. Look at the US. It used to be the worst per capita carbon emitter in the world.

Now, it is far better than us, despite much more fractious politics:

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Why? The immense coal-to-gas switch supporting renewables:

This is not about the fracking revolution, either. New extraction techniques delivered by Australia had the most significant proportional increase in unconventional gas globally.

This is about greed. We sold it to China while the US used it to decarbonise and protect industry.

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In fact, Australia and the US burn about the same amount of coal today.

The Greens and The Guardian are complete idiots.

About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.