Green Fairy Gods of Economic Management
Another unintended consequence of policies to control the climate. Who would have guessed? Laws aimed to disrupt the energy market, disrupted the energy market. Just like Germany, parts of Australia are now dumping expensive gas, resurrecting old coal burners, and voila: The Fairy Gods of Economics tinker — and get the opposite of what they intended.
Here’s the chain of events as best as I can figure. The greener-governments raised the cost of all electricity, but tried to slap an advantage on some forms at the expense of others. The catch is that there is just not enough alternate energy to go around.
More projects used gas, partly due to other state based green schemes like the Gas Electricity Scheme of Queensland. So gas demand rose and gas became more expensive. At the same time, those who owned gas found that export markets will pay more for gas for other uses. So it didn’t make sense to keep the gas for the power-stations here when they could sell it for a greater profit elsewhere. Meanwhile, other forces were also at play. The Green drive created a glut in fickle solar and wind power. [...]
If Alan Jones needs to get “educated” because he got the level of CO2 wrong once, the Climate Commission surely needs to go back to do high school maths, because anyone who has done junior high can see that the running average in the graph below is an impossibility. The latest Climate Commission report: “The Critical Decade: Queensland climate impact and opportunities” starts with blatantly incorrect figure. Since when do “averages” run outside the extreme highs and lows? Thanks to reader Ian E.
Eyeballing this graph suggests Queensland’s average temperature has risen by 2.7 C since the 1950′s.
The text on the same page says: “The average temperature for Queensland has risen by about 1°C since early last century”. So at least the writing matches the official (if exaggerated) records.
Who proof-read this document?
Three professors (Will Steffen, Lesley Hughes, Veena Sahajwalla) and Mr Gerry Hueston, all Climate Commissioners, signed off on it.
The correct graph should look more like this.
(Graphed by Ian E)
Even the 1 degree trend in this graph above is likely to be exaggerated [...]