One question, is the $1bn subsidy from the Qld state or from The Turning Bull ?
Anyway, a viable commercial operation should not be subsidized at all.
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Australia, for gawd sake, is one of the renewable richest places on the planet. We ought to be exporting technology for free and leaving the black crap in the ground.
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That is what I say as well. But not only Australia, South Africa is also one of the worst offenders, like Australia it has lots of sunshine (Western Cape is as sunny as Perth), but their energy is heavily dependant on coal.
The eMahlaleni (Witbank) coal mine (400km east of Jo'burg) boasts about 'the best coal in the world'.
The same for Saudi Arabia, UAE, the sun is barely harnessed there.
But even here in Europe, in my country (Netherlands) a new government started last week and they want to postpone shutting down the five remaining coal power plants until 2030 "because we won't be dependant on neighboring countries". Another ten years of useless CO2 pollution, even when they store it in the ground (called 'carbon capture and storage' with a nice marketing slogan).
Totally nonsense, as the European grid is completely interweaved, just like the Australian interstate power grid.
The only what counts is MONEY !