The Victorian Socialists released the following statement on stopping Adani on May 1.
100% renewable energy
More than 350 Victorian Socialists members and supporters packed out Preston Town Hall on April 6 to launch the party’s federal election campaign.
A new report, Supercharging Australia’s clean energy transition, by the Univeristy of Technology Sydney’s Institute of Sustainable Futures, suggests that an annual investment of just 7.7% of Australia’s trillion-dollar superannuation nest-egg could underwrite the transition to a 100% renewable energy electricity grid by 2030.
The electricity industry crisis has reached new heights, with the federal government pressuring giant energy company AGL to keep the ageing Liddell coal-fired power station open for a further five years after 2022, its due date for closure.
Liddell, in the Hunter Valley region of NSW, is a coal-burning dinosaur. The reality is neither the government’s policy of defending Big Coal, nor its reliance on the so-called “energy market”, will solve the problem of skyrocketing electricity prices for consumers or the looming environmental crisis.
A new study from the Australian National University suggests that a 100% renewable energy electricity grid for Australia is not only possible, it would be a significantly cheaper option than the current coal and gas-powered network.
The study, by energy experts Andrew Blakers, Bin Lu and Matthew Stocks, proposed a mix of solar PV and wind energy, backed up by pumped hydro as the cheapest option for Australia.