Pic Courier Mail: Executive Chairman Bowen Coking Coal and Coal Australia Chairman Nick Jorss
An agreement, which follows the announcement last month of a Power Purchase Agreement for the Upper Calliope solar farm in Queensland, will make Rio Tinto the biggest industrial buyer of renewable power in Australia and is another major step in the work to re-power the company’s Gladstone production assets – Boyne aluminium smelter, Yarwun alumina refinery and Queensland Alumina refinery.
Independent analysis conducted by Arche Energy demonstrates that the CSIRO’s GenCost’s capital cost assumptions for black coal ultra-supercritical (USC) plants are between 1.2 and 2.4 times higher than recent real-world benchmarks adjusted for Australian conditions.
The resulting levelised electricity cost estimate for new coal plants is $50-$70/MWh which is significantly cheaper than the GenCost estimate of $102–164/MWh for black coal. It is also considerably lower than the current wholesale electricity price in the National Electricity Market which averaged over $120/MWh in 2024.
Coal Australia, the peak industry body representing coal producers, workers and their communities, calls on the CSIRO to address inconsistencies in the assessment of coal-fired generation costs to ensure Australia’s future energy system is optimised.
Coal Australia Chief Executive Officer, Stuart Bocking, said that flawed assumptions about the cost of coal power were costing hard working Australians dearly in energy bills and holding Australia back from reaching its true energy potential.
“Australia is blessed with an abundance of natural resources, including some of the world’s highest quality coal. This should make our energy among the cheapest and most reliable in the world. Yet, we are falling short of that potential.
The very energy that could be powering our economy, driving investment and securing prosperity for future generations is being held back by selective policy, outdated assumptions and unnecessary restrictions.
In its submission, Coal Australia demonstrates that the GenCost analysis overstates the levelised cost of electricity (LCOE) for coal by relying on problematic assumptions, such as excluding realistic coal plant designs, and overstating capital and operational cost inputs.
Coal Australia found this results in a distortion of comparative costs between coal and other technologies. If these critical errors are not addressed, it could undermine the credibility of GenCost as a policy-neutral tool for Australia’s energy planning.
The Arche Energy report also found that undertaking coal plant life extensions to the existing fleet was a very cost-effective way of providing electricity to the grid, based on current Queensland coal station data. A ten-year extension for a coal plant was found to require capital in the order of only $500,000 per MW of capacity.
Coal Australia Chairman, Nick Jorss, said the results raised serious questions about GenCost’s methodology and conclusions, particularly as it related to the cost of coal-fired plants.
“Unfortunately, due to the limitations of GenCost’s methodology and assumptions, the headline finding, that renewables have the lowest cost range of any new-build electricity generation technology, is not correct.
“If the aim of GenCost is to provide objective estimates for the cost of building new electricity generation that is both technology-agnostic and policy neutral, then the assumptions chosen in the LCOE calculations are inappropriate for that task.” Mr Jorss said.
“Correcting this will ensure that the report is truly policy-neutral, technology-agnostic and can be viewed credibly by the wider energy market. It is our view that, based on real-world assumptions, GenCost would find that coal has by far the lowest cost range of all new-build generation technologies.
“Furthermore, a low-cost life extension of the current coal fleet, rather than prematurely shutting it under the Government’s 82% by 2030 renewables target, clearly has the ability to provide much lower electricity cost outcomes for all consumers, retail and business alike.”
* The largest non-institutional shareholder of Rio Tinto is the Royal Family, and with King Charles being the ‘glowing Greenie’ of Europe it is not hard to understand the move to renewables.
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Pat from Vic: “And whoopsies folks! That’s probably my Fifth or Sixth comment for the day here on Cairns News, and I don’t want to breach my daily quota”
Don’t worry about quotas. I spoke to the Pope and he’s given you dispensation to write as many comments as you like. The CN Ed made a mistake and the Pope apologises and will seek forgiveness for him.
Pirbright pilgrims, Geelong and Wuhan sister labs, under the thumb of Serco the biggest corporation globally no one’s heard of, head office Oxford.
Fact or fiction?
It stands to reason CSIRO would lie about coal prices, crooked Brett Sutton from the Vic Health Dept got a job there through the revolving door. Look at these science idiots blathering about ClimateChange on ABC-TV if you want to see a real dope that should be on a rope, they have at least one on every day.
Fact is Australia has vast amounts of coal and once burned would eventually return to topsoil, no harm in that. I think solar on rooves is great but why get into nucular instead of coal when we know it is just an excuse to bucket squillions into some industrialist, probably Hacca is the one with the most conspicuous interest, “Climate 200 Teals Party” got all the suckers lined up. What’s the harm in burning coal another 20 years until we get some real science coming through. Oh I forgot, “The Earth Is Boiling”, how could I forget, the dweeb from the UN said so.
A motto from my dad who would be over 120 if he was still alive:
How can you tell if a politician or public official is lying?
Answer: Their lips are moving or they are writing something.
They will always be trying to protect themselves.
Just had to post this that a friend just sent me.. they are cutting down a huge part of the Amazon forest to make an 8 mile highway for a climate conference !!
https://www.petersweden.org/p/amazon-rainforest-being-cut-down?publication_id=547128&post_id=159086646&isFreemail=true&r=bbt0v&triedRedirect=true
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Well they said on afternoon news LIVE that the reason for electricity hikes is because solar and wind power has not performed as expected !!! Bet they scrubbed that on the 6pm news..
Bring back the gas !!! and stop this stupidity.
CSIRO report criticised by energy expert for ‘lack of transparency’ after declaring renewables to be cheapest form of energy
December 9, 2024
Australia’s national science agency has been accused of “doing the government’s dirty work” by delivering a report to make renewables look like the cheapest energy technology.
HOWEVER, THE REPORT HAS ATTRACTED HEAVY CRITICISM OVER ITS METHODOLOGY AND ASSUMPTIONS, WHICH HAVE APPEARED TO FAVOUR THE GOVERNMENT’S RENEWABLES OBJECTIVES.
Energy expert and Senior Policy Analyst at the Centre for Independent Studies Zoe Hilton told Sky News the CSIRO report had not made an objective analysis.
“The CSIRO has once again made unrealistic and unobjective assumptions about coal in order to make integrated renewables look like the cheapest technology,” Ms Hilton said.
She further criticised the report’s treatment of nuclear power, stating, “The GenCost report contradicts itself”.
h ttps://www.skynews.com.au/australia-news/politics/csiro-report-criticised-by-energy-expert-for-lack-of-transparency-after-declaring-renewables-to-be-cheapest-form-of-energy/news-story/1418ba982d5f41edd5ec32307e96d97c
Hey folks,
Her’s a key quote fromthe article – “… Coal Australia, the peak industry body representing coal producers, workers and their communities, calls on the CSIRO to address inconsistencies in the assessment of coal-fired generation costs to ensure Australia’s future energy system is optimised…”
And good on Coal Australia for daring to speak the politically unacceptable truth.
But seriously, good luck with making any headway against the sold-out Treasonous scumbags occupying the farce that is the CSIRO. Just like every other fake corporate institution of “governance” or “regulation” or “research” here in Australia, the CSIRO takes their orders from the hostile belligerent foreign CORPORATIONS which occupy our country under force of arms.
And just like all of those other traitors to our nation, every employee of the CSIRO dreams of tongue-kissing Klaus and Smeagol and creepy Bill to sleep every night and waking up in their hunky billionaire arms every morning. Hey, even sold-out worthless craven arse-wipe traitors can dream.
And just BTW, they’re all going to Hell. Because the CSIRO doesn’t work for Australia, folks, and probably never did. The CSIRO works for the baby-eating Globalists at the World Economic Forum over there in Davos on the other side of the world. And they want us all dead so very very much.
And whoopsies folks! That’s probably my Fifth or Sixth comment for the day here on Cairns News, and I don’t want to breach my daily quota, so if I don’t go and find something else to do, it’s the Naughty Chair for me!
CENTRAL BANKERS ARE ENTIRELY FUNDING THE ADVANCEMENT OF THE WORLDWIDE CLIMATE CHANGE ‘PROJECT’.
Climate Change and C02: Fake Sustainability Versus Real Sustainability – The EU/UN/WEF Technocratic War on Farmers – Climate Alarmism, Corporate Control, the IoT, and Electrification of Everything
By Mark Keenan – Global Research, June 24, 2024
The modern green movement is far removed from the original principles of environmentalism.
Fake sustainability is the political agenda designed and pushed by the United Nations, implemented by subservient governments, and which serves the aims of the private banking and mega-corporate super-entity. Central to this agenda is the climate change deception and other false UN narratives, as described in the book Transcending the Climate Change Deception Toward Real Sustainability.
Under ‘FAKE sustainability’ we may consider points including:
Manmade climate change is a convenient lie it is not caused by CO2 or by methane from livestock, such as cows. Temperatures were higher in the 1930s than today, but the UN ignores that data. A UN IPPC committee chairman actually resigned in protest at UN IPPC lies and false information. Most of the scientists that say climate change is a problem are on perpetual government grants. The UN IPCC cherry picks data, uses flawed modelling and scenarios not remotely related to the real world
Geo-engineering under the guise of combatting climate change, and the technology they use to pollute the skies
CENTRAL BANKERS ARE ENTIRELY FUNDING THE ADVANCEMENT OF THE WORLDWIDE CLIMATE CHANGE ‘PROJECT’.
Central bankers hijacked the real environmental movement in 1992 creating the fake climate change agenda. Amongst other financial ulteriors, the Rockefeller banking dynasty promoted the climate alarmism agenda. The Chicago Climate Exchange is a trillion-dollar money-generating hoax.
Renewable energy is not a viable solution to the world’s energy problems. This is evidenced by the work of David MacKay, (1967 – 2016) former Regius Professor of Engineering at Cambridge University and former Chief Scientific Advisor to the UK’s Department of Energy and Climate Change, in his book Sustainable Energy without Hot Air, see Endnote . His analysis shows that an area twice the size of the entire country of Wales would need to be completely covered with wind turbines to meet the energy demand in the U.K., based on average energy consumption per person.
https://www.globalresearch.ca/fake-sustainability-vs-real-sustainability/5860714
VERY SORRY DEAR EDITOR, I FORGOT TO BREAK UP THE VIDEO URL on my previous posting.
Aussie Banks owned by Vanguard & BlackRock
The 8 Largest Australian Banks (which own most of the smaller banks except community banks) are owned by Vanguard, BlackRock, and State Street.
(and just about everything else…)
Who Owns Australian Banks? The Answers Might Surprise You…
These hedge funds basically control the planet: the banks, the supply systems, the land, the governments, the biggest corporations, all essential industries, the media “they control what you think”, social media, Hollywood, BigTech – Google, Twitter, Apple, Microsoft, Facebook. Travel, transport and all the airlines. All the vaccine and biotech companies. Tobacco and Health Insurance. Weapons. Police. Phones… You name it!
Everything.
Vanguard investment Group owns $16 Billion in Pfizer shares. Notice how they were buying up big in 2018 (orange line)? Everything is pre-planned. And then there’s BlackRock as 2nd largest Investor.
They are BigPharma.
They are BigBusiness.
They are BigInsurance.
They are BigBanks.
They are BigMedia.
They are BigAgriculture.
They are BigEnergy.
They are BigTech.
They are BigGov.
They are BigFood.
They are BigOil.
They are BigEd.
https://pennybutler.com/oz-banks-owned-by-vanguard-blackrock/
THE DANGER OF DIGITAL CURRENCIES
HOW CENTRAL BANKS PLAN TO CONTROL YOU – by Catherine FITTS
Take particular note from 19.20 minutes …..CENTRAL BANKS WILL HAVE ABSOLUTE CONTROL…….
This speech was given on November 11, 2024, during a Hillsdale College CCA seminar on “Economic Issues and Controversies.”
ht tps://www.youtube.com/watch?v=O3Ivv6jjixE
WHY YOU ARE allegedly NOT GETTING TRUTH FROM ANY MAINSTREAM MEDIA EMPIRES >
“Who Owns the World?” A Small Group of Big Money
By Peter Koenig – Global Research, February 26, 2024
Who Owns the World” is the title of an extraordinary documentary, describing how Big-Big Money controls not only every aspect of your life, but has a stranglehold on every government, the political UN body, as well as every UN agency, and all industries and services of this globe.
These largest investors are BlackRock, Vanguard, and State Street.
These same investment groups also control over 90% of the world’s major media.
Even Rupert Murdoch’s media empire is majority owned by BlackRock / Vanguard. It is therefore no miracle that hardly any news penetrates the walls of secrecy about these major shareholders of every aspect of human life and life-related activities and businesses.
They control politicians, geopolitics and military deployments
It is a monopoly that can literally not be opposed by traditional means. They have also invented the “rules-based order” — overruling every international and national law at their will.
They know no limits, no ethics and adhere to no human or human rights standard. POWER is them.
https://www.globalresearch.ca/who-owns-world-small-group-big-money/5850681
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