by Graeme » Thu 25 Dec 2014, 17:29:27
The switch to renewable power is a battle we cannot afford to lose
$this->bbcode_second_pass_quote('', 'S')ince the final gavel fell at the Lima climate talks earlier this month, discussions have centred on one question: what did the talks actually accomplish?
After two weeks of intense negotiation, governments settled on a draft text that will hopefully lead to a successful global climate deal in Paris next December. While opinions vary regarding the success or failure of the outcome, there is another story emerging outside the negotiation room.
This year’s conference represented a highly-significant shift in the positive momentum to act on climate change. While negotiators engaged in contentious debates, businesses, non-governmental organisations and local authorities stepped forward to present their own climate initiatives and committed to more action on the ground.
In this shift, renewable energy took centre stage.
According to the Nazca Climate Action portal (named after Peru’s famous geoglyphs), 319 cities and 261 companies are taking action on climate change. Of the 913 total actions recorded so far, 402 relate to energy efficiency and 242 relate to renewable energy.
Private sector initiatives – such as RE100 and the Global Investor Statement on Climate Change – have also emerged to encourage businesses and investors to phase out fossil fuels in favour of renewable energy.
National governments are following suit. Peru plans to generate 60% of its electricity from renewable sources by 2024; Chile doubled its total renewable power capacity in 2014; Germany and Sweden will be carbon-free by 2050. The list goes on, including 144 countries with renewable energy targets, 50 countries supporting a total phase-out of carbon emissions by 2050 and 100 countries supporting zero emissions by 2100.
This action, and the hope it generates for an attainable solution to climate change, is being partly fuelled by the increasingly strong business case for renewable energy. Renewable energy is now the most cost-competitive source of power in many parts of the world.
theguardianThe economic case for renewable energy$this->bbcode_second_pass_quote('', 'L')ike a progressive, I've always believed that a clean environment is an intrinsic good - not a means to some other end, but the end in itself. But the more I see of the Abbott government's approach to environmental policy, the more it becomes apparent that they do not share this view. Instead, they adopt the instrumentalist approach of seeing things as having value only if they boost GDP. The intrinsic value of fresh air, clean rivers and flourishing forests simply doesn't fit with the far right worldview.
Yet as it happens, there's also a strong instrumental case to be made for taking action that will protect our environment. Transitioning to renewable energy isn't just good for our quality of life, it's also good for economic growth.
Nowhere is this more obvious than in the case of the Renewable Energy Target (RET). The target commits Australia to sourcing 41,000 gigawatt hours of electricity from renewable sources by 2020. Although both Labor and the Liberals went to the last election with this as their policy, the Abbott government has now backflipped, and wants to run down the RET (I wish I could tell you this was their only broken promise).
Ruining the RET would be foolish for this government, because the policy directly contributes to lower electricity prices, jobs and investment.
Let's start with electricity prices. This year, the Warburton review commissioned modelling by ACIL Allen showing that the RET delivers lower electricity prices for consumers. If the Abbott government cut the RET, the modelling showed, Australian consumers would pay more for their electricity. Puzzlingly, after presenting this evidence, the Warburton review recommended cutting the RET anyway.
How about employment? The RET creates jobs because it opens up new fields of activity: installing solar panels, building and maintaining wind farms, researching and developing new ways to capture wave and geothermal energy. More than 24,000 Australians were employed in the renewable energy sector in 2012. The Clean Energy Council estimates that a further 18,400 new jobs will be created by 2020 if the RET is retained in its current form.
Recent surveys put the jobless rate at about 6 percent, the highest rate since Tony Abbott was employment minister. Right now, more than 700,000 Australians are looking for work. In such a tight employment market, 18,000 more jobs should drive down the unemployment rate. If the government scales back the RET to what it calls a 'true' 20 per cent target (in reality, a 40 per cent cut), the Clean Energy Council's modelling suggests 6200 less jobs will created over the next six years. Scrapping the RET altogether will see us lose the opportunity to create 11,800 new jobs.
Then there's investment. Since the RET was introduced, more than $10 billion has already been invested in large-scale renewable energy projects like First Solar's huge plants in the NSW towns of Nyngan and Broken Hill. First Solar says it has already invested about $142 million in its plants, creating more than 600 jobs in the process.