Another Trip Down the Rabbit Hole

Commentary
The Australian energy minister’s transition policies are like something out of Lewis Carroll’s Alice books: it seems the harder Chris Bowen tries to run towards his destination, the further away from it he gets.
Take his newer and harder-running Capacity Investment Scheme (CIS), a development on his original scheme announced in December 2022.
It promises a lot but is likely to be nothing more than a poorly shuffled deck of cards.
The original scheme was to provide 6 gigawatts (GW) of dispatchable renewable power, and the results of the first pilots have just been announced. The first participants in this scheme will be six projects providing 1.075 GW of “reliable capacity” in New South Wales….