The Forum > General Discussion > Is the Green dream crashing in Europe?
Is the Green dream crashing in Europe?
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As a businessman once said to me, "you can't eat reputation"
While I agree with replacing aging equipment with non CO2 emitting plant, we still have about $100bn worth of plant most of which has productive life of decades, and which is already capable of producing all the power Aus needs.
Labor has just committed to going from about 14% now to 23% in 2020 which is already double the rate from the last decade. Now Shorten has pledged to go from 23% to 50% in 10 years which is nearly double again.
Notably Shorten has just admitted to journalists that the 50% RET target is unachieveable without bipartisan support from the libs, which is not going to happen. And if Labor reintroduces a carbon tax again, it will be repealed again.