Coalition fossils fuel resistance to change

The absence of investors to build coal-fired power generators isn’t market failure. Investors’ refusal to support fossil carbon technology is a case of market success. The market has signalled it’s time for an outmoded technology to be replaced by cheaper, more efficient, more effective and less environmentally destructive alternatives. Our energy generation will change because our energy needs can be satisfied with cheaper, better alternatives. The delusional right wing of the Coalition government, however, wants taxpayers to subsidise coal. This is a strange position for champions of the free market. They reject basic principles of science and economics. If these troglodytes get their way we will certainly pay for it dearly through our power bills and through our taxes.