Thursday, August 21, 2008

1% is Plenty

You may have heard the news that the Australian government is providing $50 million dollars in grants to establish geothermal power in Australia.

Looking into the story, it appears that Geoscience Australia has done a study revealsing that just 1% of Australia's geothermal supply would produce far more energy than Australia uses in a year.

No wonder the Minister for Energy says it has "huge potential" - both for tackling climate change and ensuring national energy security.

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