It has been a while...........blackout aftermarth
In Melbourne on Tuesday we had our highest ever energy usage day - air-conditioners around the city were really running flat out - and at 40C who could really blame people? However, a bushfire (now burning in Victoria for 3 months) tripped the main interconnector between NSW, the Snowy Hydro scheme and Melbourne - which nearly took down the entire system. I was without power briefly but many people in suburbs around Melbourne were without power for large parts of the night. It really goes to show how vulnerable we all still are to so called "acts of god". The Australian blames the Victorian state government and Alan Moran in the Age blamed the governments pandering to green groups - though his ridiculous statement that a new interconnector could not be built because of environmental fervour. He should now that a new interconnector will not be built because it will cost too much money - I mean who would argue that $2 billion for a 1 in 10 year event so a few shops aren't blacked out is a good investment. With the entire cost of the Victorian Renewable Energy Target Scheme coming in at $250 million over 20 years - that doesn't seem like a bad investment to make 15% of our generators Renewable Energy generators (and in the process build about 5 new windfarms, 1 reflective solar plant and countless smaller renewable generation plants).
I guess we have to accept a small chance that we may not have power for an hour or two when extreme events occur, it will cost far too much to take that away - and I think the priorities of people now is to make sure we are spending our money on outcomes that are sustainable and have a long term focus - such as dealing with the possibility that our actions may have had some effect on the reasons behind this years tinder dry conditions in Victoria this year. But I could be wrong, perhaps people will get more angry about not having airconditioning for one hot evening in January rather than the long term effects people might be having on the planet. I guess one might even call that human nature (whatever that means - outside of a Motown singing Australian boy band that received there first ARIA in 06 after a decade of being overlooked by judges - for highest selling album - as they sing ...there aint no mountain high enough....).
1 Comments:
Dear Corma, I think this explains it all. Barro
In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the... Anyone? Anyone?... the Great Depression, passed the... Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?... raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression. Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve. Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. "Voodoo" economics.
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