The great renewable energy contradiction
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The federal government and renewable energy advocates continually argue that renewables are the cheapest energy source.
The latest Intergenerational Report, released last month, even claimed that the average Australian household will save 40% on energy costs between 2030 and 2050 because of the renewable energy revolution.
Yet, when you scratch beneath the surface of this claim, it becomes instantly apparent that it is a myth.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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