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.
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.
Operator of one of Australia’s biggest networks says solar, battery storage and micro grids means the business models of centralised generators and retailers will be made redundant. In other words, no long term future for Origin, AGL or EnergyAustralia. The future is local, and that is bad news for coal, gas and nuclear.
The Australian government and big oil companies like ExxonMobil found they had a lot in common this past week. Both went to the Lima climate talks convinced that the demand for their fossil fuels will never waiver. Both now see political and economic shifts against their rusted on business models.
United Nations-sponsored climate talks in Lima have ended in agreement, but whether it sets the stage for a new treaty strong enough to compel sufficient collective action to address the threat of climate change remains an open question.
New research shows that Australia could meet its climate targets and still lift industrial and energy emissions by half since 1990. The issue has become a sore topic at Lima, where Australia has picked up its 5th Fossil of the Day award from exasperated green NGOs.
Tony Abbott and Julie Bishop can’t even get their climate acronyms right. But after seizing control of the RET review, Abbott’s office is now taking control of Australia’s post 2020 climate targets. So who will Abbott choose to lead this review?
Network lobby accused of demonising household solar in attempt to protect the tens of billions of dollars invested to meet demand peaks that never materialised. The networks are determined that Australia’s 2 million solar households should carry the cost of that investment.
SA Power Networks predicts consumer-driven energy revolution will see more than half all SA houses with rooftop solar and 30% with energy storage by 2025. By 2040, those numbers increase dramatically and only a few will depend entirely on the grid.
France is trying to avoid a repeat of the Copenhagen disaster by keeping heads of state away from the Paris climate talks. But it has also singled out Australian and Canada as likely roadblocks. Those two countries were named overnight the two worst performers on climate among industrial nations.
Julie Bishop appears determined to pick a fight with China over its climate efforts. Once again though, the Abbott government has been caught out using talking points from the fossil fuel industry. That won’t go down well in Lima.