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The Forum > Article Comments > Review of Finkel Report > Comments

Review of Finkel Report : Comments

By Dennis Jensen, published 21/6/2017

Require that the government then, in a contract with the generators, have a penalty clause in place if the government, subsequent to the decision and approval, retrospectively adds requirements.

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Try as I might, I cannot find a copy of the Finkle report. All I can find is other peoples' summaries of it. Can someone please post a link to the real thing so that I may draw my own conclusions to what so far seems to have been a waste of time and money.

David
Posted by VK3AUU, Wednesday, 21 June 2017 9:41:54 AM
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http://www.environment.gov.au/energy/national-electricity-market-review
Posted by Luciferase, Wednesday, 21 June 2017 9:51:20 AM
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So one of the idiots responsible for our second rate NBN (which wastes electricity and will have to be replaced in a generation) wants future governments to be liable for more than 100% of the costs of complying with the environmental regulations that the present government negligently fails to impose? I'm outraged, so why am I not surprised?

If the cost of getting multinational corporations to invest here were that high, we'd be better off without them!
Posted by Aidan, Wednesday, 21 June 2017 11:06:40 AM
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Another twist in the NBN is some people are getting fibre to the node and some are getting fibre to the kerb. And in the same town.
The fibre to the kerb came about because of complaints made about the nodes delivery of speed less than we had before.
Posted by doog, Wednesday, 21 June 2017 11:45:25 AM
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The first thing I noticed under the heading of "Orderly Transition" is "All generators will be required to provide three years’ notice of closure".
I wonder what the good Doctor and his team think can be brought on line as a replacement within that short time. Reading something like that so early in the report, gives me little optimism about the rest of it.

David
Posted by VK3AUU, Wednesday, 21 June 2017 11:53:57 AM
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The highly subjective/subjectively selected Finkel Report, needs to be reviewed, so things left out and off the table, could be included and back on the table!

The most glaringly obvious and not included is nuclear energy! Not just any nuclear energy, but walk away safe molten salt thorium energy. That would allow a fully privatized energy sector to roll out power for 3 cents PKH or less, and still make a handsome return!

But more so if they were the creation of facilitating government agencies, and created as fully funded, competing employee co-ops?

Once the start up venture capital had been refunded? 3 cents PKH being top money!?

And just the start of an, [invest in your own people and their better ideas,] industrial renaissance, coupled to quite massive economic growth, supported by a truly massive cooperative capitalism based, entrepreneurial reindustrialization nobody but nobody could underprice/compete against, with fair competition! I kid you not!
Alan B.
Posted by Alan B., Wednesday, 21 June 2017 12:43:59 PM
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I think the firming requirement levels the playing field. The virtuous wind and solar generators are low carbon but tend to go AWOL suddenly. The evil combustion plant is reliable but is forced to throttle back when subsidies and shortfall charges make them uncompetitive. Meanwhile power prices and emissions keep rising.

In his Press Club talk today Finkel gave the example of a 100 MW wind farm being required to supply 10 MW for 4 hours during wind lulls. Presumably a 100 MW solar farm would have to chip in 10 MW until mid evening too bad if it was a cloudy day earlier. Then they'd have to do a unique deal with a gas generator. This might work we don't know yet if the modelling is accurate. It puts conditions on both low and high carbon generators which probably means the ALP and LNP will cut special deals to help their favourites.
Posted by Taswegian, Wednesday, 21 June 2017 6:32:48 PM
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"In his Press Club talk today Finkel gave the example of a 100 MW wind farm being required to supply 10 MW for 4 hours during wind lulls."

I thought Finkel was on about reliability of renewables/storage, not renewables/gas. What a cop-out.

This stupidity further marginalizes base-load providers, including any prospective ultra-super-critical coal or nuclear.

On the flimsiest of pretexts he has omitted the nuclear solution (no nuclear solution exists according to his cherry-picked reading of the ANSTO submission to his review. See my post in the general thread on Finkel of Friday, 16 June 2017 8:06:36 PM. How has he not been called out by the media on this shenanigan?).The Review places utterly blind faith in development of viable storage, while placing all nuclear development in the same future basket as fusion.

Now we're reserving gas for Finkel's non-solution pathway towards storage. Most pollies seem too thick or bound up in PC to call him out on this steaming pile of horse$hit. The idea of a 3-year mandatory heads-up on coal-plant closure has to be a joke. He might just as well call for nationalization of all electricity generating assets to please the idiot ALP/Greens who support this bollocks.
Posted by Luciferase, Wednesday, 21 June 2017 10:06:17 PM
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Clean coal doable if geosequestration is abandoned in favour of natural sequestration! And for far less up front money!

Natural (smoke stack) sequestration (biodiesel production) has been trialled in Boston Massachusetts around a decade or more ago, and subject to further improvement, could work and without needing to charge consumers more!

The method requires investment in long clear plastic pipes which are filled with tower vacuumed, nutrient loaded effluent! Oil rich algae are introduced and allowed to reproduce and will as long as the endlessly renewed nutrient supply allows it.

Some algae will absorb as much as 2.5 times their bodyweight in carbon dioxide emission!

Algae will under optimised conditions double that bodyweight/absorption capacity, every 24 hours!

The trick is not to harvest any oil product until the absorption capacity exceeds the carbon production capacity of the coal fired plant. And then only from a surplus to sequestration requirement!

Obvious choices of algae are oil rich types that naturally produce biodiesel or ready to use as is jet fuel. Child's play to extract ready to use as is!

And given a ready, profitable market for both, able to significantly supplement coal fired power plant income streams.

Ideally the coal burnt will be supplied at cost, plus 10% by a employee co-op or government miner! Rather than a debt laden price gouging tax avoiding profit repatriating, asset stripping foreigner!

However, even with this endless supplementary income. The price of the annual millions of tons of mined coal can only ever rise.

Pollutants may include arsenic, cadmium, lead, mercury and uranium!

Some of which can be retained inside the closed cycle system and removed as recovered industrial application minerals?

This alternative fuel production facility, could up the up front costs of a zero emission plant to as high as 7 billion, but increase the income capacity, well beyond the 50 year life, given the biodiesel/jet fuel production can go on almost indefinitely with routine maintenance, and atmospheric carbon extraction.

The same 7 billion able to fund the roll out of around 7 comparable zero carbon emission thorium power plants?
Alan B.
Posted by Alan B., Thursday, 22 June 2017 10:13:45 AM
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The most interesting part of this article is that it comes from someone who was involved in the NBN decision while recognising its flaws. The lesson Dr Jensen draws from that experience is that picking the best technology to achieve some stated objective is a mug’s game. That’s been proved more or less true for fast internet. Things are worse for primary energy and its refined form, electricity. At least the NBN had available one practical solution but, as others here have pointed out, erred in implementing it without due consideration that better solutions might or would turn up. That’s a reasonable expectation in the field of IT.

Not so with energy. Energy is different. OK, there are abundant claims that Australia, or the world, can run on various forms of low-emissions energy. Those claims are vigorously contested globally. No country has done it yet. Speculation and hype about renewables in particular are rife. It’s a big subject that can’t be resolved here. But one thing is certain. There is risk in assuming it will be done, ever, with sun, wind, nuclear, algae, trees, tide, CCS and all the other proposals that keep on coming.

So whatever the Finkel recipe for secure electricity with reduced emissions might now be, it is certain to start from the easy end, the modest reductions in emissions needed to meet present targets. For example, cutting by around half while maintaining a secure supply of electricity is easy; just use gas. Beyond that level, and beyond electricity itself, we are in the land of the unknown, confident predictions notwithstanding. Nothing Finkel says helps. He offers an opening gambit without an endgame
Posted by Tombee, Thursday, 22 June 2017 4:10:09 PM
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Why lump nuclear into your dream list, Tombee? It's been working for 60 years in France, as one example.

If you mean the public won't buy it well that's not something Finkel should concern himself with as a scientist. His job is to clarify, not stultify nuclear energy as a possible solution. His own leanings have hopelessly compromised his review paper.

After the enormous upheaval of getting us off old coal and eshewing ultra-super-critical coal-power, Finkel's recommendations will have moved us barely an inch towards tackling AGW, even if the whole world followed his advice. The dream of a plentiful viable storage end-game is just that, a dream.
Posted by Luciferase, Thursday, 22 June 2017 11:39:28 PM
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Luciferase misinterpreted my mention of nuclear. I was referring to the fact that nuclear energy initially converts to heat which is then used to generate electricity. Electricity now represents around 40% of the world’s use of primary energy. I see no reason why nuclear couldn’t supply all of that. The other 60% mainly goes into heating, transportation and various industrial processes. I was referring to that 60%. Some of those applications could be readily electrified, others not so readily. And there’s a good slab (no-one seems to have done a proper analysis) for which there are no suitable technologies. So we are a long way from a fully electrified, and therefore fully nuclear, world.
Posted by Tombee, Friday, 23 June 2017 2:36:17 PM
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The best solution for transport fuel is becoming feasible, ammonia produced by electrolysis of water or hydrogen, and pure nitrogen or air. Bio-fuels won't ever meet demand and have issues on a range of fronts, not least the displacement of food crops.

The electricity for the electrolysis can be nuclear generated, or renewable (a possible use for SA's wasted investment in wind/solar instead of sharing in nuclear or clean coal on the eastern seaboard).

Ammonia can burn in an internal combustion or turbine engine, or react directly in a fuel cell, producing only waste nitrogen and water in each case. Or, it can be decomposed by CSIRO's newly developed industrial membrane into nitrogen (waste) and hydrogen for fuel cells

The hydrogen density of easily liquefied ammonia, hence its energy density, is enormously greater than compressed hydrogen and close to gasoline's. CSIROs membrane allows effective large scale hydrogen transport.

Nuclear can do it all i.e. produce industrial and domestic electricity directly and all transport fuels by electrolysis, and at a rate that viably meets current and growing demand. The intermittency and low energy density of renewables means they would achieve these ends only on an unimaginably humongous scale.
Posted by Luciferase, Friday, 23 June 2017 10:13:45 PM
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Around 2 decades ago, there was an article that said Australian energy prices were too low, and had to increase before new infrastructure would be built.

Well someone has successfully increased our energy prices, and infrastructure is closing down, yet new infrastructure is yet to be built.

>Problem: Generators are loathe to add new electricity generating capacity due to >uncertainty regarding the regulatory and legislative regimes.

In reality we can not rely on private enterprise to build, because they want their blood money, and to be able to increase profits as they see fit. This infrastructure needs to be built by governments.
Posted by Wolly B, Saturday, 24 June 2017 6:29:49 AM
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