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A Looming Disaster in Energy Security

June 9, 2017
By Philip Hopkins

Governments' forcing of ever increasing amounts of renewable energy onto the electric grid poses a significant risks to Australia and Germany's energy security and global prosperity.

"Renewables will provide, optimistically, 10 to 20 per cent of global energy by 2035. There is no prospect of seriously reducing fossil fuel emissions without an accompanying fall in global standards of living directly implied by large reductions in per capita energy use."

"The brute fact is that wind and solar are more expensive. The panel headed by the industrialist Dick Warburton estimated in its 2013 report that there existed a cross-subsidy for renewables of $9.4 [in Australia] billion between 2001 and 2013, with a further $22 billion required for the remainder of the scheme until 2030."