- Jun 22, 2008
- 24,580
- 21,275
- AFL Club
- Geelong
CGT has nothing to do with this
This isnt about the tax environment not being unfavourable to investors. Its about our power stratgey being about picking winners.
The solar tower in mildura failed on inability to get govt support. Same with solar panel farms. Because of our huge coal assets we put all our eggs in the clean coal basket. Tried to reprocess coal to make it burn cleaner, tried ccs in morwell. All failed, and worst still multiple scientists warned at the start these projects were pure fantasy.
The renewable game can be won in one area, storage. What is australia doing in yhat? Sfa in hydrogen. Ceramic cells have all but been abandoned. Virtually nothing in chemical means.
We have a massive whopping desert, which could be a power monster if we figured out how to capture, store, and transport this energy for later use. Instead we keep going back to coal, and trying to find ways to store its enmissions (despite failing again and again)
I know that nickel producers, including the one that I work for are starting to seriously look at how they can piggyback on the growing battery market.