The only way of explaining the push for subsidised wind and solar is money. And when we say money, we mean hundreds of billions of dollars of other people’s money.
In Australia alone, the Federal Government’s Large-Scale Renewable Energy Target will redirect over $60 billion in subsidies to wind and large-scale solar operators (all drawn from Australian power consumers and added to their power bills) over the life of that scheme.
Although, to use the term ‘scheme’ is to add varnish to one of the greatest scams in history.
Rocketing power prices and a grid on the brink of collapse are the only ‘dividends’ to be returned from the LRET, the largest single industry subsidy scheme in the history of the Commonwealth.
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