The gap between the Energy Minister's vision and reality is widening daily.
The pace of new renewable energy projects must rapidly increase if Chris Bowen is to achieve his target of 82 per cent carbon-free electricity by 2030.Plans to construct new transmission lines are facing mounting community opposition.
The Powering Australia plan was supported by what Anthony Albanese claimed was the most comprehensive modelling commissioned in Opposition. A 300MW small modular reactor would cost a conservative $5 billion, he claimed in The Australian on Friday.That’s 300 MW more than will be generated from the government’s $20 billion investment in transmission lines, which would not be needed if we switched to nuclear.
Yet Vattenfall reported that the cost of offshore wind had risen by 40 per cent since it first proposed the Norfolk project.SMRs about to be installed in Wyoming and Ontario are predicted to be online by 2030, the latest completion date for Snowy Hydro 2. Apple’s decision to withdraw its backing from Andrew Forrest’s Upper Burdekin project, which will destroy 750 hectares of koala habitat, shows that the public mood has shifted.
“It will have to change if we're going to get to 82 per cent renewables by 2030,” replied Ian Learmonth.
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