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Death of the CET : Comments
By Graeme McLeay, published 19/9/2017Coalition talk of dumping Finkel's Clean Energy Target leaves Australia's climate policy in tatters.
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Poor Andy Vesey. Turnbull is interfering in the market and trying to force him to keep Liddell operational after 2020 or to sell it to someone who will. Why would he bother? AGL will make billions from wind and solar subsidies and save money on maintenance or replacement of Liddell.
Turnbull is interfering in the market now precisely because earlier interference in the market via ridiculous subisidies for uneconomical, unreliable and very expensive wind and solar generation has become the catastrophe anyone with half a brain knew it would be.
The only surprise in all of that is that the Liberal Party's free market posturers remained silent when it all began. Yet again Liberal parliamentarians have abandoned Liberal principles.
It will be little consolation if blackouts and brownouts this summer allow us to say, "told you so."