The fossil fuel industry stands to lose $34 trillion in revenues in the next two decades if a strong outcome is achieved at the Paris climate change talks. These 7 graphs highlight what is at stake as more than 140 global leaders and 40,000 people converge on Paris for these key negotiations.
As Malcolm Turnbull heads to Paris climate talks, Labor leader Bill Shorten commits to an emissions reduction target almost twice that set by the Coalition. Meanwhile, neither leader looks likely to come clean on their compromised position on coal.
The state of Queensland appears ready to embark on what could be one of the most radical transformations of its electricity network ever undertaken – even by standards of ambitious mandates in places such as California, Germany and Denmark.
Australia can ramp up its emissions targets and still lock in strong growth and jobs. Renewable energy, and solar in particular, will play a critical role along with energy efficiency. But the thermal coal sector is all but wiped out.
Renewable energy – and solar and wind energy in particular – will be at the core of any agreement in Paris to limit global warming. And Australia is being urged to pull its weight.
Greens proposal for 90% renewables may be ridiculed by conservatives and vested interests. But unlike mainstream parties, at least they have a plan – with a mix of rooftop solar, storage, public finance and capacity auctions, and early closure for coal generators.
Greens unveil plan for a 90 per cent renewable energy target – by 2030. Leader Richard di Natale says major parties have locked the country into industries of the last century, supporting coal and vested interests.
With battery storage set to boom, the Energy Networks Association has launched a website to remind consumers why they still need the grid. But the question consumers really want answered is why they are still paying so much for it.
Victoria’s Labor government has announced a wholesale review of the brown coal industry, as energy minister Lily D’Ambrosia confirms the state’s need to look to new and clean energy technologies, and the jobs of the future.
New cost analysis from US investment bank Lazard show wind and solar generation far cheaper than conventional technologies such as coal, gas and nuclear, and delivering much cheaper carbon abatement.
Australia is open to including a target of 1.5°C in Paris climate text, and a goal of “carbon neutrality” by 2050. How things have changed since Tony Abbott was replaced as prime minister. Such goals would result in an inevitable tightening of Australia’s own efforts on climate change.