Resources Minister’s suggestion Australia could meet its climate targets by replacing ageing power stations with emerging ‘low emission’ coal-fired technology is an unrealistic fantasy.
India’s new draft National Electricity Plan concludes India does not require any new coal-fired power stations and its energy minister says it must look beyond fossil fuels.
Not a single fossil fuel company in the world discloses potential emissions from their reserves – and that is a big problem.
India’s coal power boosters are now confronting an increasing array of signals which suggest the diversification away from coal will only accelerate in 2017.
The growth in global production of greenhouse gases has decelerated over the past few years, with 2015 seeing the first actual reduction, of 0.1% compared to 2014 levels.
Report shows network of governments, funds, organisations, philanthropies and individuals representing $5.2trn in assets divesting from fossil fuel companies.
Australia remains one of world’s most expensive places to develop renewables, when it should be one of the cheapest.
The market is now pricing wholesale electricity contracts for next year at levels higher than what prevailed when the carbon price was in place.
AEMO report cites future of gas-powered electricity generation as “greatest variable” in fortunes of Australian gas industry.
BHP Billiton electricity supply agreement with existing NSW gas generator could open the path for the much touted solar tower and molten salt storage project.