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2 days agoso your issue is with fiat money and basically the entire modern monetary system… nice
I still don’t understand how a literal ponzi is as stupid as fiat money but you do you
ikt
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Cake day: June 17th, 2023
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sorry are you referring to snowy hydro as the one getting cancelled?
op was referring to https://www.abc.net.au/news/2024-11-02/lnp-scraps-pioneer-burdekin-pumped-hydro/104550864
At this point every single infrastructure project will be over budget and late… literally all of them thanks to covids construction madness and increased cost of materials and inflation and low unemployment rate
There’s a lot more to it than just economies of scale, firstly Queensland has a huge rural population, as a percentage of population it’s the only state outside of Tasmania that has a bigger rural population than living in the city
https://www.qgso.qld.gov.au/issues/11951/qld-compared-other-jurisdictions-census-2021.pdf
Coal power and mining represent jobs for rural people because renewables largely don’t need anyone to maintain them or dig stuff up out the ground.
This means there has obviously been a laggard effect with rural jobs adding an extra dimension to our renewables push by making it a political issue, hence why we have been delayed in making world leading progress compared to a place like SA.
The friction of rural jobs and wanting to push for renewables resulted in Labors “Queensland Energy and Jobs Plan” https://www.energyandclimate.qld.gov.au/energy/energy-jobs-plan as a way to push renewables and get rural people jobs at the same time, the “Queensland super grid” as you can see goes quite far out into regional areas: https://www.hpw.qld.gov.au/__data/assets/pdf_file/0020/49241/rez-roadmap-a3-poster.pdf
Despite this there are some downfalls with renewables and it impacts SA heavily, without grid firming you have far more volatile electricity prices
South Australia price spikes in Q3 2024
In addition to the NEM-wide volatility events discussed in the previous section, South Australia experienced more extended periods of price volatility resulting in a regional cap return of $77/MWh, well above other regions and contributing 49% of the total NEM cap return. These events were driven by a combination of factors including cold evenings, low wind conditions, and network outages limiting Heywood interconnector flows or constraining some generators in the region at times.
This seems like a constant SA experience compared to other states which is probably why your batteries made the most money arbitraging it:
While all regions experienced growth in energy arbitrage revenue, Victoria and South Australia stood out, with energy arbitrage revenue for Victorian batteries increasing by $13.9 million (+175%) and for South Australia by $18.0 million (+319% ).
QLD isn’t exactly sitting back doing nothing, we have a large amount of grid firming going in:
Proposal to develop a pumped hydro energy storage (PHES) project to supply up to 2,000 MW electricity for up to 24 hours (resulting in a storage capacity of 48,000 MWh)
Development of a pumped hydropower energy storage project in the Southern Queensland renewable energy zone with the capacity to generate up to 400 megawatts (MW) of continuous electricity for 10 hours per day, and a battery energy storage system with a capacity of 200 megawatt hours (MWh)
Pumped hydroelectric energy storage (PHES) and transmission project with a stored capacity of up to 750 megawatts for approximately 16 hours for a 24 hour period.
Converting the Mt Rawdon gold operation into a sustainable low cost, large scale pumped hydro power station
We’re a bit lucky in that thanks to SA we have been able to see that going all out on wind farms and solar isn’t a winner, you need grid firming batteries just as much as you need electricity generation.
I have to say it’s very odd that despite SA having constantly much higher price volatility and the need to smooth it with firming the Labor government dropped the battery rebate?
Industry stunned as SA Labor dumps home battery subsidy and solar switch program
Still very confused about that one, what better way to help people in SA pay less for power and assist the grid than with home batteries?
Despite all the headwinds and with the “economies of scale” we obviously have more solar installed than SA:
New South Wales and Queensland continue to lead the way in rooftop solar capacity and installations. New South Wales, with a capacity of 6.232 GW, holds the top spot, closely followed by Queensland with 6.082 GW. In terms of installations, Queensland leads the nation with a total of 1,015,589, while New South Wales follows closely with 963,524 units.
https://www.energycouncil.com.au/media/fydjqofh/australian-energy-council-solar-report-q12024.pdf
And of course I can’t help but boast:
Data from the Clean Energy Regulator shows Queensland has hit a huge milestone in 2023 – hitting one million rooftop solar installations since records began, beating out every other state in the country.
Stephanie Gray, from the Queensland Conservation Council, says that this is a testament to smart government rebates to drive down the price of the technology.
“Rooftop solar plays a very important role in Queensland’s energy mix now with an impressive 5.9 GW of installed capacity – that’s three and a half times the capacity of Queensland’s largest coal-fired power station,” she said.
“Solar in Australia is a success story that demonstrates the power that governments have to make clean technology more accessible to all.”
https://reneweconomy.com.au/sunshine-state-milestone-as-queenslanders-install-one-million-solar-rooftops/ https://www.queenslandconservation.org.au/qld_reaches_solar_milestone
I know it’s real easy and cool to be a doomer but we have been making progress, we just have to hope labor gets back in 2028 to keep making progress
you can make money in a ponzi, just need to make sure you aren’t the last one buying the top… and with el salvador buying 1 per day https://bitcoin.gob.sv/ i’m not sure the end of the ponzi is even in view
elaborate
blame the people, we definitely were
Queensland is looking to harness its power as the Sunshine State for something more than the skin cancer capital of the world.
Cutting emissions by 75 per cent by 2035 and a renewable energy target of 80 per cent by 2035 was enshrined in law on Thursday
the liberals got in and now we have to sit on our hands for 4 years
To be fair SA does around 2-3gw at peak and QLD does 8-10gw, so fair shake a bit more solar required for Queensland
1·5 days agoLooking at NSW and Victoria council election results, I expect the Greens will gain votes and maybe even a seat or two, I doubt there will be drastic gains or losses.
Gain votes? A seat or two?
In turn, the Greens say they have adopted a new spirit of “good-faith negotiations” with the government just weeks after suffering electoral setbacks in Queensland, the ACT, and in some local government battles. They fear those losses were because voters regarded the party as playing an obstructionist or “wrecking” role rather than achieving goals.
I wish we had a remind me in 6 months
So way ahead of the liberal party but not as fast as the economy destroying greens?
I mean sounds good to me?
Isn’t labor tackling that though?
15·6 days agoThe west gave weapons to kurds and then left then to die like cowards.
If you cannot argue accurately please don’t bother arguing at all.
The bulk of CJTF-OIR’s combat operations have consisted of airstrikes against Islamic State; various ground forces have been deployed including special forces, artillery, training, and military advisors. The United States accounts for the vast majority of airstrikes (75–80%), with the remainder conducted by Australia, Canada, Denmark, France, Jordan, Belgium, the Netherlands, Saudi Arabia, Turkey, the United Arab Emirates, and the United Kingdom.[22] Although the task force is not under NATO, all 32 members of the military alliance are contributing to CJTF-OIR.[23]
By the end of 2017, CJTF-OIR stated that its airstrikes had killed over 80,000 ISIL fighters.[24] The coalition also provided $3.5 billion in military equipment to the Iraqi Armed Forces,[25] billions more to the Peshmerga, and trained 189,000 Iraqi soldiers and police.[26] It has also provided significant support to the Syrian Democratic Forces, with which it coordinates various operations.[27]
https://en.wikipedia.org/wiki/Combined_Joint_Task_Force_–_Operation_Inherent_Resolve
Small difference, ISIS are the most disgusting animals/people on the planet, the most extreme militant muslims in a world full of extremist muslims.
The muslims who left Australia to go join ISIS were looking forward to gang raping children, beheading anyone who doesn’t join islam and committing an actual genocide:
https://en.wikipedia.org/wiki/Yazidi_genocide
Over a period of three years, Islamic State militants trafficked thousands of Yazidi women and girls and killed thousands of Yazidi men;[14] the United Nations reported that the Islamic State killed about 5,000 Yazidis[5] and trafficked about 10,800 Yazidi women and girls in a “forced conversion campaign”[15][16] throughout Iraq. By 2015, upwards of 71% of the global Yazidi population was displaced by the genocide, with most Yazidi refugees having fled to Iraq’s Kurdistan Region and Syria’s Rojava
The IDF are our allies and are fighting the people like this
https://metro.co.uk/2024/10/13/one-tiktok-video-led-rescue-isis-sex-slave-kidnapped-11-21786570/
She was repeatedly raped and traded between different fighters, according to the newspaper.
After being married to a 24-year-old Palestinian from Gaza. who was allegedly a member of Hamas, she was taken to the Isis stronghold of Raqqa.
51·8 days agothey could not have put out a more insecure sounding statement
everything is perfectly fine, please do not look over here, there is no reason to look over here, why are you looking over here!?
awww they no longer get sex workers which is basically like sending them down a coal mine, i can see how that would be comparable to you
likewise, since you’re so certain it’s penny pinching feel free to post your numbers
i support all attempts to reduce the cost of this massively overbloated free money train
to quote the greens
Senator Jordon Steele-John, the Australian Greens spokesperson for Disability Rights and Services, has claimed that the reforms will result in the removal of crucial disability services, stating that ‘the Labor government is choosing to remove $14.4 billion in funding from the NDIS that will lead to disabled people not getting the support they need when they need it’.
Im not sure how $14.4 billion of tax payer money is penny pinching
a pointless penny pinching law
Really?
At an annual running cost of $35.8 billion in 2022-23, the federal government will spend more on the NDIS this financial year than Medicare ($30.8 billion), aged care ($27.7 billion), and support for state government hospitals ($27.3 billion).
Penny pinching on one of the least productive, most expensive government expenses! Crazy! I have no idea why they are so focused on it.
it’s the easiest genocide to prevent, tell hamas to come out and fight on the battlefield and stop hiding behind women and children and in schools and hospitals
If the greens wanted the support of left-wing voters, maybe they should stop pushing centrist, even right-wing, policies. Consequences, etc.
I don’t know if you mean to come across like a profound philosopher whos stumbled onto a great secret that makes all economics? digital currency? fiat currency? as dumb as a literal ponzi but if you could get your point across without being vague as hell that’d be great.