Climate Change Authority recommends Australia defer 2020 RET by up to 3 years, but says it’s the government’s only credible abatement policy. It also suggests any longer-term target could morph from renewables-only to a low emissions target, including gas and nuclear.
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.
CCA recommends no changes to the small scale component of the renewable energy target, and backs away from calls to cut eligibility from 100kW to 10kW.
Tony Abbott appoints climate skeptic – who compared impact of man-made CO2 to a human hair on 1km bridge – as assistant environment minister.
The collapse in global oil prices is good for the climate, and clean energy. Big Oil has put Arctic drilling on hold because it no longer makes economic sense. That will allow extend the world’s carbon budget, and result in capital flowing to renewables.
Qld govt-owned generators respond to solar impact by bidding prices above where needed, earning extra $200m in revenue.
Energy market regulator says dumping of carbon price encourages coal generators to burn more coal, reversing big gains on emissions in previous 2 years.
Big utilities such as Origin Energy and AGL Energy are maintaining their attack on subsidies for rooftop solar, joining forces with industry lobby groups to call for their removal – just as they prepare to roll out solar leasing schemes of their own.
Brookfarm goes solar with east-west array that matches consumption. Food manufacturers are finding that rooftop solar fits in with production needs.
The Coalition government’s latest witch-hunt against wind energy has not produced a lot of fertile fodder for the anti-renewables brigade.
US slams higher penalties on Chinese solar imports, while the findings of an Australian anti-dumping investigation is delayed again until March.
The golden age of gas is already over – eaten by solar and wind and its own soaring costs. AEMO says gas-fired production could fall by two thirds over the next five years, as export parity prices it out of market and it is displace by renewables. The one bright spot might be the potential of gas to replace coal generation in a decade’s time.