With the present government moving quickly towards an ETS and the opposition looking like it will follow in lockstep after some huffing and puffing can someone help me answer some questions?
1. If ETS is supposed to be a signal to the market to start producing emissions free or relatively emissions free energy how are we going to achieve this without nuclear reactors being allowed as a reasonable option to produce baseload?
2. If the idea is that we shouldn’t penalize users or producers for consuming energy how are we supposed to do this without nuclear power?
3. If nuclear reactors aren’t allowed does it therefore mean that cheap and abundant energy is a thing of the past in Australia?
I am assuming that renewable will continue to be in infancy in 2010 producing no more than 5% of our energy needs. So before anyone suggests that a solar panel or a wind turbine will do the trick please remind us of the great strides of progress these two sources have achieved in Europe which has had an ETS scheme for about 10 years now.
I am genuinely interested in an answer.