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It's going to happen it's just a matter of when. We should have been increasing the renewable component already but lack of policy direction has held us back. The complaining about others not doing anything is false unless you use the US as an example, they are rogue nation as far as climate policy goes and it's more to do with the proliferation of wealthy power companies that are owner there.
We are in a position where we built really expensive coal fired generators from the public purse in the mid 20th century, past politicians sold our assets and we bought our electricity that was supplied at near cost back for much much more from the new owners. Now the old generators are past their use by date we haven't got companies lining up to build new ones.
We should have spent 10 years building up much more renewable capacity but governments didn't allow industry to know what was happening so very little did beside some government funded projects and a few like AGL who saw it as cheaper to invest in some for tax breaks than renew the CFPSs.
Now we have the worst situation where the renewables aren't there, we have a deficit because we have more and more people wanting power, houses are getting more consumptive with technology and there is no direction still because it's a political issue that is divisive but popular with certain swinging voters.
Coal fired stations are being phased out al over the world as the cost of wind and solar drops. The base load is an issue still but not doing anything is like burying your head and hoping when you pull it up things will have improved.
It really shouldn't be a political issue, we need government investment in something and the rest of the world aren't building coal generators. We burnt most of our black coal in Victoria and burn brown coal mostly now and once that goes expensive coal seam gas or natural gas need to be used which coasts money.
We sell all our liquid natural gas and are soon going to be the worlds biggest supplier but don't save it for ourselves and take hardly any royalties for it. It's easy to make policy that reserves that gas for our own needs before any gets sold.
https://www.nytimes.com/2017/07/01/climate/china-energy-companies-coal-plants-climate-change.html
Fact is we hardly ever build any power stations ,because we are really small.
The CO2 per capita is due to the spread out low population of Australia.
Places like germany had less co2 per capita way before they were investing in renewables .




Forget about other countries, control what you can, insanity is doing the same thing over and over and expecting a different outcome...yada yada yada.