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first_imgRenewables driving lower prices mean we must drive transition further, not prop up coal The Australian Greens MPsLatest power price reports, showing again how renewables are driving down wholesale prices across the National Electricity Market after wholesale prices doubled following the Liberals’ repeal of the carbon price, should encourage the government to drive the transition faster and not prop up coal and gas, Greens Leader Adam Bandt said today.The Greens fears that the Morrison government – which brags about lower wholesale prices despite driving them up after the carbon price repeal and opposing renewables at every step – is now getting ready to increase prices and pollution by propping up coal and gas generation.Labor, who has already propped up Australia’s dirtiest power station by handing over undisclosed amounts to Energy Australia, owned by Hong Kong billionaire Michael Kadoorie, must now join the Greens in fighting the latest coal push from the Morrison government.“Instead of bragging about power prices coming down because of renewable energy, Angus Taylor should be red-faced after doubling wholesale power prices by repealing the carbon price and then opposing renewables every step of the way,” Mr Bandt said.“After doubling power prices and doing everything they could to block renewables, the Liberals now expect a pat on the back when solar and wind start driving prices down again.“Even worse, the government talks up lower prices from renewables while simultaneously getting ready to prop up dirty coal generation by handing public money to the billionaire coal and gas corporations.”“We don’t need payments to coal generators, we need the government to lead more investment in renewables and storage. As today’s prices have shown, renewables are cheaper, cleaner and the future for Australia. More renewables means lower prices.”“We should be driving the transition further and faster, not trying to block it. We are in a climate emergency.”“Labor must oppose the latest coal push. Labor already has form propping up Australia’s dirtiest power station in Victoria and they must stop supporting Scott Morrison on coal and gas.”The Government – with Labor’s support – is passing legislation to allow public money to go to fossil fuel projects. The Energy Security Board is also due to release its report on post-2025 market design for the National Electricity Market in the coming days, with reports today suggesting the government may be concerned about so-called ‘early’ closure of coal-fired power stations.Wholesale power prices doubled after the Liberals repealed the carbon price. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:AusPol, Australia, Australian Greens, Billionaire, electricity, Emergency, energy security, Government, Hong Kong, Investment, legislation, Morrison, power station, renewable energy, Renewables, Scott Morrison, Victoria, wholesalelast_img read more

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