Lessons Learned from Down Under
Carbon taxes and renewable mandates drive electricity prices up. The experience in Australia offers a dramatic example. Australia elected a new government to repeal the Carbon Tax in 2014, which was estimated to cost the economy more than $20 million a day. Australia has some of the highest electricity prices in the developed world.
The United States can learn a lesson from Down Under by rejecting costly proposed carbon rules on power plants. There is a far better path to achieve our energy, economic and environmental goals.
The solution comes in the form of technology. High-efficiency supercritical technologies available today provide the path to a low-carbon global economy, delivering affordable and reliable power with much lower emissions.
Technologies, not caps or taxes… are the solution for long-term environmental improvement.