Environment Minister Greg Hunt attacking rooftop solar as a “cross subsidy” from one neighbour without solar to another with solar.
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.
An unheralded G20 report calls on nations to introduce carbon pricing; little wonder Australia doesn’t want climate change mentioned at the November summit. Meanwhile, Abbott determined to keep Australia at margins of global climate talks, and will not offer new targets.
Greens leader Christine Milne has called on Australia to commit to being “net carbon zero” by 2050, and commit to cutting emissions by up to 60 per cent by 2030. Australia should phase out coal fired power stations by emissions regulation, as had occurred in US and China.
Australian battery technology developer RedFlow says trials of its zinc-bromine “flow” batteries shows the storage technology is “cost competitive” in large scale applications.
The news gets worse and worse for the coal industry, but the smart investors have already bailed from the sector. Despite this, Australia continues to bet the future of its economy on a commodity in terminal decline, and turn its back on the technologies of the future.
$100 billion invested in wind, or solar PV, will result is significantly more energy yield as the same amount invested in oil, according to a new analysis. This is particularly true when wind and solar is used to charge electric vehicles. By 2035, wind could produce 6-times more energy per dollar invested than oil.
Major new report says Big Oil’s business model is waning, and world’s oil majors should start directing much more capital to renewable projects, so they can be the ‘energy majors’ of the future, rather than ending up as the oil majors of the past.
Australian solar technology developer RayGen Resources fast-tracks 10MW CSVP power plant in China – now to be completed within two years.
Treasurer Joe Hockey repeats controversial comments about wind farms, saying he is “appalled” by sight of wind turbines in “beautiful landscapes”.