Renewable subsidies: destroyers of low cost electricity supplies

In meeting targets agreed at the 2002 Kyoto Convention, the precursor to the Paris Agreement, Australia, by preventing land clearance, reduced emissions by 100 million tonnes a year of CO2 equivalent.  Comprising almost 20 per cent of total emissions, this reduction allowed Australia to claim that there had been a negligible increase over the period 1990-2012, and Australian politicians were able to bask in diplomatic plaudits at farmers’ expense.

Australia also took measures to suppress greenhouse gas emissions from energy which, in its various forms, accounts for about 70 per cent of greenhouse gas emissions but as electricity brings only around 25 per cent. 

Electricity however is the focus of attention on emission reductions. Read here