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The Parkinson Report

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    Why $5bn energy giant turned its back on Abbott’s Australia

    Why $5bn energy giant turned its back on Abbott’s Australia

    Governments “come and go” but so does investment. The effective withdrawal of a $5 billion energy giant from Australia’s renewable energy industry highlights why it will remain in the doldrums as long as the Abbott government holds its fossil fuel prejudice.

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    Why Barack Obama gets solar, and Tony Abbott doesn't

    Why Barack Obama gets solar, and Tony Abbott doesn’t

    As US President Barack Obama embarks on a 10-day “climate tour” of America, and unveils a range of initiatives to encourage consumers to embrace solar and storage, Abbott’s apparent determination to dig Australia’s economy into a fossil fuel lock-down looks increasingly isolated.

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    Citigroup sees $100 trillion of stranded assets if Paris succeeds

    Citigroup sees $100 trillion of stranded assets if Paris succeeds

    If you hear a lot of noise about climate policies and climate action over the next few months in the lead up to the Paris climate conference, it is because there is a lot at stake. According to Citigroup analysts: $US100 trillion of potential stranded assets in the fossil fuel industry.

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    Why wind and solar are already better value than fossil fuels

    Why wind and solar are already better value than fossil fuels

    Critics of renewables – such as Alan Jones, the Murdoch media and the Abbott government – focus on capital costs. But a new report from Citigroup says this is an error, and the total cost of renewables is already competing with fossil fuels and getting cheaper. And could save the world more than $US72 trillion.

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    Regulators delay network saving proposals for another 5 years

    Regulators delay network saving proposals for another 5 years

    Rules that could have reduced network bills delayed another 5 years, after fierce resistance from coal generators. In a blow to battery storage and solar PV, the decision could mean higher bills and more grid defections, as networks and retailers fight over consumers.