1) Expanding the successful Renewable Energy Agency @ARENA_aus & Clean Energy Finance Corp @CEFCAus to fund FOSSIL FUELS
Probably through 'clean hydrogen' made from coal and gas.
Thats just the start... THREAD https://www.afr.com/politics/federal/green-bodies-to-fund-hydrogen-carbon-capture-20200916-p55w1u
The Morrison government will expand the mandates of two renewable energy bodies to help fund the development of low-emission technologies beyond wind and solar.https://www.afr.com/politics/federal/green-bodies-to-fund-hydrogen-carbon-capture-20200916-p55w1u
ARENA started with $315m pa under Labor-Greens in 2011, then cut to $240 million pa under Abbott in 2014
Now its $140m pa
see @TheAusInstitute @DanJCass report https://www.tai.org.au/content/fighting-arena-securing-australian-renewable-energy-agency
According to the PM in the Oz “Australia is in the midst of a world-leading boom in renewable energy with over $30bn invested since 2017”
Ahhhh but @cleannrgcouncil saying its burst to way back to 2017 levels.... https://www.theguardian.com/environment/2020/aug/19/large-scale-renewable-energy-investment-falls-to-lowest-level-since-2017
Clean Energy Council says $600m was invested in large-scale renewable projects in the second quarter, a drop of almost half from the first quarterhttps://www.theguardian.com/environment/2020/aug/19/large-scale-renewable-energy-investment-falls-to-lowest-level-since-2017
Well its been upgraded to 'Clean Hydrogen'
Same fossil fuel ingredients, same CCS technology, same disastrous high polluting outcome.
Central to the dirty new mandate for ARENA and CEFC to fund https://www.smh.com.au/environment/climate-change/government-to-fund-gas-and-carbon-storage-via-clean-energy-programs-20200906-p55svj.html
The government's long-awaited Technology Roadmap confirms its ongoing support for gas and carbon capture and storage according to a leaked draft paper.https://www.smh.com.au/environment/climate-change/government-to-fund-gas-and-carbon-storage-via-clean-energy-programs-20200906-p55svj.html
Potential locations are either brown coal, black coal or gas hubs (exception of Tas Bell Bay)!
Clearly they want to use 'clean hydrogen' to save fossil fuels.
CCS received $1.3 billion in taxpayer support with no commercial successes for coal!
You would get lower emissions if you burnt the coal & gas straight up instead of turning it to hydrogen
Assuming CCS will fail - which is a likely - emissions will only go up and up!
Great chart from @Fiona_J_Beck @frankjotzo @ThomasLongden3
Just taxpayer $$ for corporations to use to save money with energy efficiency
Recap King in @renew_economy https://reneweconomy.com.au/morrison-to-redirect-climate-funds-to-carbon-capture-and-big-emitters-69241/
Secretive “King Review” into emissions policies released, with the Morrison government to funnel climate funds into carbon capture and big emitters.https://reneweconomy.com.au/morrison-to-redirect-climate-funds-to-carbon-capture-and-big-emitters-69241/
ARENA funding - history
Under Gillard - $315m pa
Under Abbott - $240m pa
Under Morrison - $140m pa
....and it has to do more (inc fossil fuels) with less https://www.theguardian.com/australia-news/2020/sep/17/coalition-to-divert-renewable-energy-funding-away-from-wind-and-solar
Scott Morrison says solar and wind are commercially viable and do not need subsidies from the $1.43bn fundinghttps://www.theguardian.com/australia-news/2020/sep/17/coalition-to-divert-renewable-energy-funding-away-from-wind-and-solar
All this hype is to avoid setting actual reduction plans over the next 10,20,30 years.
Where is the long-term strategy?
Scott Morrison will on Thursday announce a plan to fund controversial technologies to lower carbon emissions.https://www.canberratimes.com.au/story/6928585/govt-to-widen-arena-remit-fund-new-fridges-for-pubs-in-low-emission-push/
Since July 2014, 100% of press releases positive.
A reduction in funding!
Why I was disappointed on @RNBreakfast this morning #auspol https://www.abc.net.au/radio/programs/am/coal-gas-producers-big-winners-under-$1.9-b-energy-package/12672252
Coal and gas producers are set to be some of the big winners under a $1.9 billion package being unveiled by the Prime Minister today.https://www.abc.net.au/radio/programs/am/coal-gas-producers-big-winners-under-$1.9-b-energy-package/12672252