Part 7/11:
This sequence of events highlights how government intervention, via subsidies and underwriters, is vital for the financial viability of renewable projects. Morrison points out that many renewable energy ventures, including wind and solar farms, rely heavily on government guarantees, which raises concerns about transparency and the true economic sustainability of these projects.
Further, the reliance on subsidies introduces a troubling dependency—these projects may not be viable without ongoing government support. Morrison criticizes the current process as opaque, often benefiting politically connected entities, including former politicians like Julia Gillard, who now chairs some of these funds.