The Forum > Article Comments > The not-so-clean Energy Finance Corporation > Comments
The not-so-clean Energy Finance Corporation : Comments
By James Wight, published 27/6/2012Clean energy has been misleadingly been defined to include fossil fuels.
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This article is really hard line. You mention the target that 20 per cent of our electricity has to come from renewables by 2020. The generating industry will struggle to meet this, but thanks to the decision to split the target into large and small scale generation (small scale is the home stuff)it might be able to do it.
I doubt very much whether any carbon will actually be saved overall - remember that we're meeting targets not saving carbon - but the illusion of saving carbon will be there.
However, there is no room for the further expansion you suggest, both on a practical level in finding enough projects that make any sense, and in allowing for the stability of the electricity grid.
Grid operators have managed more than 20 per cent overseas, I think, but that's countries like Denmark, the grid of which is quite small compared to its neighbours and so it can usually just import and export the stuff without much trouble to the neighbours when they have to stabilise.
But there are renewable base load power plants now available I hear you say? No there are not.. go look at the actual literature on those plants (notably the pilot plant in Spain activists try to claim is base load). 20 per cent is all you're going to get to in Aus for some time. So it makes sense to look at gas plant emissions.