Much Pain for Net Zero Gain

It is this simple: skyrocketing world electricity prices stem from renewables policies. Notwithstanding the avalanche of propaganda we are seeing throughout the country, no wind or solar gets built anywhere in the world without subsidies paid by taxpayers and customers.  In Australia’s case these costs are $10 billion a year in grants and network spending. 

The genesis of the current malaise has been closures of generating plants which have been demonised by the politically correct. In Europe this is mainly involves coal.  Those countries that have been particularly severely hit by the present crisis are the UK and Spain, both of which have closed 80 per cent of their coal capacity – and Germany, which has closed about one third of its coal.  Germany also suffers from having closed down most of its nuclear power plant.  Japan also followed this policy.

Those countries which have fared well include Korea, where they have been building both coal and nuclear, and the US and…