Environment minister sees future in ‘clean’ coal, and refuses to endorse renewables. This comes as new data shows large-scale renewable projects at a standstill, and as industry finds doors closed in Canberra. Meanwhile, new data show electricity emissions have fallen 5 per cent in past year.
Can generators live off two hours of demand a day? And what if utilities actually tried to slow down the rollout of rooftop solar? If these are questions energy utilities are asking themselves in the current market environment, they may not like investment bank Bernstein’s answers.
IPCC says action on climate change is urgent but affordable. But as the US and others endorse its finding, the Abbott government says it will “wait and see”, all the while dismantling the mechanisms that could achieve higher targets, and the institutions that would tell it why this is a dumb idea.
UBS research shows soaring network costs have made Australia the most expensive market for electricity prices. However, the average increases in costs from renewable-focused countries such as Germany and Denmark have been below average.
Investment bank Bernstein produces stunning graph to show how solar is now cheaper than oil and LNG in Asia. Solar, it says, is “cheap, clean, convenient and reliable”. The solar market share may be small now, but the prospect it could trigger “energy price deflation” has huge implications for energy investments.
Three key issues may make rooftop solar the sleeping giant of Australian politics, with tens of thousands of households affected by low tariffs for exports, and a pushback on connections by utilities. This will be big issue in three big eastern states.
Dick Warbuton, Abbott’s hand picked head of the review of Australia’s renewable energy target, once wrote that nuclear energy was the only alternative to fossil fuels, and quoted some outlandish costs of renewables. Could he change his mind?
Industry body says Queensland and WA networks likely to the first to dump poles and wires, and allow new businesses that will focus on small grids, solar and storage. Australia, with high electricity costs and plenty of sun, could be leading the world in new energy model.
The climate skeptic brigade is now in full control of climate and renewable energy policy in this country. Say goodbye to carbon pricing and the renewable energy target as we know it. There’s still a glimmer of hope for the CEFC and ARENA.
Dan Arvizu – the head of the world’s biggest renewables research facility – says the current energy system is unsustainable and needs to be changed. But while wind and solar may soon win on costs, unravelling the layers of regulatory protection will be a bigger challenge.
Australia’s energy productivity has fallen from world’s best to one of the worst. Now, with a hopelessly inefficient delivery system and soaring fossil fuel prices, it is being urged to finally get serious about energy efficiency.