From the New York Times:
Electric utility executives all over the world are watching nervously as technologies they once dismissed as irrelevant begin to threaten their long-established business plans. Fights are erupting across the United States over the future rules for renewable power. Many poor countries, once intent on building coal-fired power plants to bring electricity to their people, are discussing whether they might leapfrog the fossil age and build clean grids from the outset.A reckoning is at hand, and nowhere is that clearer than in Germany. Even as the country sets records nearly every month for renewable power production, the changes have devastated its utility companies, whose profits from power generation have collapsed.A similar pattern may well play out in other countries that are pursuing ambitious plans for renewable energy. Some American states, impatient with legislative gridlock in Washington, have set aggressive goals of their own, aiming for 20 or 30 percent renewable energy as soon as 2020.The word the Germans use for their plan is starting to make its way into conversations elsewhere: energiewende, the energy transition. Worldwide, Germany is being held up as a model, cited by environmental activists as proof that a transformation of the global energy system is possible.
The Rest Of The Story Is Here
Awful to think that Australia once led the world in solar power technology. Our entire country could be at least half-powered by solar by now, had those technical innovations and investments continued. But Big Coal and Old Electricity monopolies won out.
The Australian Abbott Government appears to be in the midst of a war against renewable energies. Hard to imagine they can hold out much longer, as the reality of our renewables-based future becomes even more impossible to ignore.