Bloomberg New Energy Finance notes that wind is already cheaper than new coal or gas fired generation and solar soon will be. These are critical points because renewables are often painted as expensive when compared to fully depreciated forty plus year old fossil fuel plants, but this simplistic cost comparison is not borne out when we fairly compare the cost of renewables against capital cost of new fossil fuel systems required to replace the ageing fleet or meet new demand. There is, however, an ongoing demand for fossil fuels and KAP is committed to responsibly exploit the current energy market to maximise Australia’s competitive advantage in the provision of cleanest possible fossil fuels to meet the ongoing demand for as long as it persists to ensure the best possible economic outcome for Australia
negatively mentions the EU or European Community