Renewables: The Big Investment Opportunity which Needs Generous Government Support

Watts Up With That?


Guest essay by Eric Worrall

Our old friend Tim Flannery, whose advice helped convince the Australian Government to squander billions of dollars on useless desalination plants, claims that renewables are a “huge economic opportunity”.

IT IS being hailed as the next big boom that has the potential to revolutionise our economy.
But unless Australia ramps up its commitment, experts warn it could pass us by.

A week before world leaders are set to meet in Paris to discuss setting agreed targets on reducing carbon emissions, the Climate Council of Australia has released a report which it says shows the world is in the midst of a dramatic energy revolution.

According to the research, clean energy investment grew 43 per cent globally, while the number of renewable energy jobs
nearly doubled to 7.7 million worldwide.

Climate Council chief councillor Tim Flannery said plummeting costs of renewables and the creation…

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