The parasites take $1,300 per household each year in Australia
Australians could save $13 billion dollars a year if they weren’t forced to pay for pagan climate witchery.
If the bill collector knocked at the door and demanded $1,300 dollars each year to try to stop storms and floods a century from now, there would be riots in the streets. Instead the money is buried in complexity and taken in slices through unlabeled bills and receipts throughout the year. We list the GST. Imagine if we listed “the Climate Tax”?
Malcolm Roberts, a One Nation Senator has commissioned a study by Alan Moran to add up the cost. But why did he have to do that? Where was the Treasury, the Minister for Energy, the CSIRO, the ABC, the Labor Party, the State Premiers, and all our universities? All apparently, are out to lunch with the vested interests or running chicken, afraid of being called names.
Alan Moran adds up the state and federal subsidies, including the renewable schemes (like the SRET) that charge every electricity user for other people’s solar panels. He also includes the costs to businesses from higher electricity charges — which are invariably passed on to consumers in their purchases. Those frozen peas at Coles have a hidden carbon tax.
Labor likes to say “make the polluters pay”. But in the end, it’s always people who pay, no matter how the charge is hidden. But the Liberals are complicit too (with a few brave exceptions like Craig Kelly). What happened to the free market?
Why are solar and wind “the way of the future” but twenty years later and people still need to be forced to buy them or they’d go out of business? Enough’s enough.
Buried costs in the rise in electricity prices
The average wholesale price for the years 2008/09 – 2014/15 was $45.4 per MWh and more than doubled to over $92.5 per MWh in 2018/19. This increase is purely because of the effect of climate policies and renewables. The cost of coal is not a factor: the limitless supply of Victorian brown coal is not transportable and is priced at its mining cost plus the state tax, which is incorrectly called a royalty and was trebled in 2016, imposing a cost of $2-3 per MWh; black coal of the quality required for domestic generators is also abundant and its price is not markedly influenced by international trends
$13 billion hidden cost on households revealed
A landmark economics report shows that climate policies and renewable subsidies cost Australian households around $13 billion per year, or $1300 per household. Senator Roberts commissioned economist Dr Alan Moran to use all existing government data to examine, for the first time, the true cost of climate policies.
Senator Roberts said, “Australians will be shocked to know the additional cost of climate policies on our power bills is a staggering 39%, not 6.5% as the government claims. Using the government’s own data means that the report cannot be sensibly refuted.”
Dr Moran’s report, The Hidden Cost of Renewables on Electricity Prices, takes an all-inclusive accounting approach, including hidden costs of higher energy prices passed on by business.
Senator Roberts stated, “Governments have blatantly distorted and excluded key facts to keep Australians literally in the dark about inflated costs and future unreliability of our electricity. What is abundantly clear is the true cost of electricity would be $13 billion per year less, if cheap reliable coal production was not lumbered with policies that distort the market towards expensive and unreliable wind and solar. Artificially high energy prices savage our living standards and undermine our economic resilience and competitiveness, particularly during our COVID recovery.”
Dr Moran found that the weather-dependent wind and solar currently cost the taxpayer $8 billion per year and continue to receive increasing subsidies after two decades.
Senator Roberts added, “In terms of a true market economy renewables still remain unviable after 20 years and have become a parasitic malinvestment on our energy systems. These renewable subsidies distort low cost coal-based power generation and increases the wholesale price of electricity from $45.5 per MWh to $92.5 per MWh, at our cost.”
Further scrutiny of the job creation in the renewables industry shows renewable subsidies causes a net loss of jobs in the economy, because every subsidised “green” job created, 2.2 jobs are lost elsewhere in the economy.
Full report: The Hidden Cost of Climate Policies and Renewables
Just some of the hidden costs:
Follow the money:
Those who own the renewables investments make the profits from forced payments from unwilling customers.
Australian subsidies employ a lot of people in China, and some people in Australia. But for every Australian who gains a job, two lose theirs as companies move out of Australia to places that don’t pay hidden Climate Taxes.