HuffPost: Global Warming Is A Greater Moral Challenge Than Budget Repair

“If renewables was a real business which delivered value, they could try to trade their way out of trouble – they could innovate, expand into new markets, trim costs, increase sales to restore profitability. But renewables are not a real business, they are a political fantasy, totally dependent on taxpayer handouts. So their only option when times get tough is to squeal like stuck pigs, to try to frighten politicians into maintaining the money font.”

Just as socialist central planning failed miserably before it was replaced by free market economies, green central planning will have to be discarded before Australia and the rest of the ‘unreliable’ energy-obsessed western world will be able to see a return to economic growth and budget repair.

Watts Up With That?

green_money_windmills

Guest essay by Eric Worrall

WUWT recently reported how budget cuts to ARENA renewables programmes were an “existential threat” to green innovation. Now we learn that it is immoral to slash green budgets to try to contain the spiralling Aussie government debt.

Global Warming Is A Greater Moral Challenge Than Budget Repair

Australia is at a critical moment.

Cutting carbon emissions remains one of the key challenges of our time. Former Prime Minister Kevin Rudd described it as “the greatest moral challenge of our generation” and Barack Obama has stated “we will respond to the threat of climate change, knowing that the failure to do so would betray our children and future generations”.

Between 2012 and 2016, the Australian Renewable Energy Agency (ARENA) supported 254 renewable energy projects across a range of technologies including new storage technology, ocean energy, solar thermal, and solar PV or enabling technologies. These…

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