Earlier quoted context omitted.
We won't know until the bushfire season ends. There are people who've lost their homes, are in dire straits and need support. But the raw numbers are not doing the same sort of damage as a 10% increase in general energy costs. So far it has been 1,516 homes. Australia will have something like 5,000,000 homes. That is bad, but entirely tolerable averaged over the continent - we build about that many homes in a month o…
The tourism industry in Victoria alone is directly worth $26B/year[1]. The main tourist areas outside of Melbourne are being evacuated today, in the middle of the prime summer holiday season. In NSW tourism is worth $40B[2]. The situation is similar there. Say this costs between 10 and 20% of that. That is roughlt $10B in direct costs this year alone. Additionally your 10% additional cost of energy is nonsense. Austr…
Finkel review [0], page 201, Levelised Cost of Electricity in 2020 estimates solar at ~91 $/MWh vs ~76 $/MWh supercritical coal.
So you were right that I was using an unsourced number. Now I've sourced it and am revising it to 20%. And I have a source that says if we just twiddle our thumbs for 10 years we should get a much better deal, with no extra cost given we produce somewhere between 1 and 5% of the worlds emissions depending on how we account for exports.
[0] https://www.energy.gov.au/sites/default/files/independent-re...