A leading energy expert has claimed Australia could spend more than $600 billion on Labor’s renewables plan as questions about costings have been raised since Sky News’ latest documentary, The Real Cost Of Net Zero.
Matt Rennie warns Labor's renewable energy plan could cost more than $600b as delays plague the path to net zero
“If it was being done on time and at the scale that was necessary, it would be ,” Mr Rennie said.Mr Rennie has warned Labor's renewables only approach could exceed $600bn. Picture: Sky News “The AEMO thesis has been that solar and renewables and hydro with batteries could get us there,” Mr Rennie said.Mr Rennie continued to outline the critical role gas will play in Australia’s energy mix, particularly as attitudes towards the nation's energy security shift.
He argued the different types of generation were “reflective of the fact” that many were realising “there’s a yawning gap emerging that needs to be filled by something”. This is enough to power 15 million homes and cements gas’ role in Australia’s energy mix as more of a “backbone” than a backup.
The Real Cost Of Net Zero Chris Uhlmann Renewable Energy
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy heavyweights banker up for $2b Zenith Energy auctionA couple of sector gorillas have mandated financial advisers for help with due diligence and funding.
Read more »
Australia declines to join UK and US-led nuclear energy development pactActing Prime Minister Richard Marles says the agreement, which Australia had been expected to join, is not relevant to the country's circumstances.
Read more »
Australia’s Future Fund to invest in housing, infrastructure and energy transition under new mandateSovereign wealth fund’s statement of expectations will be updated for the first time in 15 years
Read more »
Shadow minister claims Labor’s energy policies will leave Australia ‘poor, weak and dependent’Shadow climate change and energy minister Ted O’Brien has claimed Labor’s approach to energy policy is going to leave Australia “poor, weak and dependent on foreign powers”.
Read more »
Heatwave forecast for southeastern Australia triggers energy supply and fire danger warningsComing hot weather prompts Australian Energy Market Operator to predict shortfall in electricity supplies for NSW and Queensland
Read more »
Trump’s new energy tsar linked to fracking in Australia’s Beetaloo basinEnvironmentalists say appointment of Liberty Energy’s Chris Wright highlights US interests ‘driving fracking’ in Northern Territory
Read more »