Business
‘We don’t need it’: Critics say plan for new gas power is unnecessary – Sydney Morning Herald
Energy market experts warn the government’s plan to build a new gas-fired power station is not needed and will not stimulate the economy enough.
Mr Bourne also said any jobs created would occur years after they were needed to buffer the region from the worst of the economic shock.
Brian OCallaghan, an Australian economist who is leading an Oxford University study into global economic stimulus efforts said Australia was the only one of 20 the group had studied that was backing fossil fuels, with others either focused on renewables or not committed.
He said renewable projects had greater long term positive impacts because they demanded a…
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