The Man from Snowy Hydro 2.0

Advertisement

Here’s how ChatGPT and myself sees the Man from Snowy Hydro 2.0 after today’s announcement of further delays and cost blowouts in the pumped hydro project.

The project is not now complete before 2030 (if we are lucky), five years late, and long after it was supposed to be firming renewable power for the eastern grid.

The Man from Snowy Hydro 2.0 is chairman David Knox. The same Mr Knox who played such a crucial role in the creation of the east coast LNG cartel that wrecked the alternative plan of using gas as the bridging fuel as we decarbonised the grid.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.