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For any other Aussies that, like me, vaguely remember the plans for building this near Mildura but can't be bothered watching the video to find out why it didn'
by gavinballard 15y ago
For any other Aussies that, like me, vaguely remember the plans for building this near Mildura but can't be bothered watching the video to find out why it didn't happen, the reason cited is a "complete lack of incentives".
Sad that something like this couldn't get a dime from the Australian government while the US "welcomed them with open arms" (and, presumably, truckloads of cash).
- Eliezer 15y agoThat's not a good sign. I mean, ideally, you'd want the incentive to be, "It produces power cheaper than coal!"
- cma 15y agoPresumably it could if you factor in coal's carbon externalities.
- whatusername 15y agoBuilding a new plant is always going to be more expensive than just digging out some more coal and burning it in an existing facility. Also - we have lots of coal.
- erikpukinskis 15y agoThe trouble is no one's ever built anything like this yet, so it's still risky. That's part of why we need government incentives. Once we know it works the incentives won't be necessary, the market will be happy to finance more of them.