New analysis has found that 68% of companies in the Global 100 list have targets to lower emissions and/or purchase clean energy.
Calls for a ‘free-market’ approach to clean energy development are pure hypocrisy. Why hold renewables to different standards than fossil fuels?
The seriousness of climate change is not appreciated by politicians and the public. Scientists must speak out, leading funds manager says.
Europe’s carbon pricing woes cast further doubt on the credibility of Australia’s scheme and on Treasury’s forecasts of the revenue it will reap for the budget.
It might seem ironic, but environmentalists and farmers fighting the expansion of coal mining and coal seam gas across Australia are the only thing likely to moderate the rude economic awakening we face when the global carbon bubble bursts and the fossil fuel industries start their inevitable, terminal decline.
The latest Cedex report finds the total amount of electricity supplied by Australia’s coal-fired generators at its lowest level in the history of the NEM. But while the report links the introduction of the carbon price to falling emissions and rising renewables output, the reduced demand for coal looks more like the new normal.
Australian network operators say growing penetration of rooftop solar is cutting volumes, but its revenues are up because it can charge more to its customers. Can anyone see where this is headed? Network operators no longer have a licence to print money. Even market analysts have a sell recommendation.
HSBC says the world is rapidly depleting its carbon budget, approaching ‘Peak Planet’ and must achieve a peak in emissions by 2020, leaving much of its fossil fuels in the ground. Impossible? HSBC says not, and is encouraged by growing public awareness, favourable economic drivers and falling technology costs for renewables.
A savvy Elon Musk has capitalised on surging investor demand to raise more than $1 billion in cash for Tesla, repay DoE loan early.
A new report released by Deutsche Bank says the global coal market faces a combined threat of steadily growing supply and a levelling-off or decline in demand. A threat, it says, that should guide rational decision-making to delay all major expansion. But will governments really act rationally?
New report finds that up to 80 per cent of world’s fossil fuel reserves could now be “unburnable”, and if left to their own devices Big Energy would invest another $6 trillion in assets that could prove worthless. But as the size and implications of the carbon bubble grows, Australia’s carbon debate is derailed by economic trivia.
Is the falling European carbon price as dangerous as everyone is saying, or is the hype around it mostly politically opportunistic?
IEA says global EV sales are on track to meet its 2°C scenario – but only with the right policy and dramatically lower battery costs.
Australia is at risk of blowing its own carbon budget within 15 years – even with its current bipartisan climate change policies – and might need to cut its emissions by more than half by 2030 in a world that acts to avoid the worst impacts of climate change.
When it comes to the shift to a low-carbon economy, many are so busy looking at politics for signs of change, they’re missing the signs in the market. Policy might be essential, but markets deliver solutions – and the signs are that this process is now well underway. Meanwhile, that carbon bubble just keeps getting bigger.
BNEF report says $90/tCO2 carbon price would make South Korea ETS world’s most ambitious. Plus: SolarCity posts loss.
Australia ranks among other Sunbelt countries as a clear leader on the latest global solar PV investment attractiveness index.
New research from UNSW shows that a medium-level carbon price of between $50-$100 would be sufficient to see all fossil-fuelled power stations in Australia’s National Electricity Market phased out and replaced ‘economically and reliably’ with commercially available renewable energy technologies.
