New research from Bloomberg New Energy Finance says solar and wind costs in Australia lowest in Asia, but new coal generators would be 50% more expensive.
Articles by Giles Parkinson
Giles Parkinson is a journalist of 30 years experience, a former Business Editor and Deputy Editor of the Financial Review, a columnist for The Bulletin magazine and The Australian, and the former editor of Climate Spectator.
Hunt says declining costs of battery storage means it is inevitable significant numbers will quit the grid. He plans to accelerate deployment of storage, and says renewable energy target will be used to force coal generation out of the market.
The NSW town of Uralla has outlined plans to go 100 per cent renewable energy, in a government-sponsored blueprint that could become the model of many other towns.
Tyalgum is considering a proposal to go 100% renewable and to possibly quit the grid altogether, in what would be the first such move by a township in Australia.
IEA says outlook for renewables excellent, with falling costs to help Paris climate talks. But Australia is one country where it has had to wind back its forecasts.
Tony Abbott rejected gift of free solar panels, but they have found a home with farming family in Liverpool Plains, threatened by major coal mine.
The implications of VW’s emissions fraud worsen by the day. But, it’s not the first. Two big US auto makers hid major defects because they decided it was cheaper to pay compensation to the dead and injured than fix the problem. No wonder big brand names are in danger of losing consumers as new technology makes this possible.
Australian government says it wants to accelerate deployment of battery storage in households, to help reduce peak demand and deliver savings on network costs.
Turnbull says emissions trading schemes are a “valid mechanism”, but Coalition will continue with Direct Action, at least until review in 2017.
Dyesol gets grant to progress development of perovskite solar cells, touted as a highly efficient and potentially cheaper solar cell.
Origin taps market for $2.5 billion after sharp slump in share price, to sell geothermal and wind assets, but excited about big solar projects.