'We can have lower emissions or a first world economy - not both' Sky NewsPeta Credlin30 May 2023.
Alumina Limited Director Peter Day had some sad home truths on what is Australia's counterproductive energy policy, says Sky News host Peta Credlin.
"At some stage, we will have to wake up to the fact that we can have much lower emissions or a first world economy - but not both."
Yesterday on issues impacting his business, the chairman of Alumina, one of our biggest manufacturing businesses that runs the Portland smelter in Victoria and an Alumina refinery in Western Australia, Peter Day, had some sad home truths on Australia's energy policy.
The Alumina chairman pointed out that, and I quote, "The country's now taking steps that will challenge," I note that word challenge, "That will challenge many of its established industries that are dependent on coal or gas. Having power that's available 24/7," he said, "Is a particular challenge. Transition plans in Australia," he said, that is plans for the transition to renewables are, and I quote, "Currently not addressing the issues of backup capacity adequately given battery technologies do not currently provide a viable long duration back-up solution."
Day said, and I'll quote him again, "Current plans for Australia's energy transition threatened to create immense uncertainty, immense uncertainty on the availability and cost of future energy supply." So in plain language terms, the Alumina boss is telling us that we're on a rapid road to de-industrialization.
At some stage, we'll have to wake up to the fact that we can have much lower emissions or a first world economy, but not both.
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