NEM demand charts another monthly rise, driven by Queensland’s coal seam gas extraction industry. Meanwhile, emissions fall slightly as gas falls and wind rises.
Report says Abbott’s 2030 emissions target will need brown coal generators to close, but government’s current suite of policies favour these plants.
As Abbott govt pulls out all stops to get Adani mega-coal mine over the line, Qld treasurer says it’s ‘not the be-all and end-all’.
While the Coalition maintains that ambitious targets for renewables and emissions reduction would be economically catastrophic for Australia, a new report from Citigroup has come to exactly the opposite conclusion: strong climate action could save governments around $1.8 trillion by 2040, while inaction could cost as much as $44 trillion by 2060.
Strong growth in commercial solar in NSW, Queensland and Victoria help Australia PV market notch up best month of 2015, with 69MW added in July.
A letter from the climate change front line – the Pacific island nation of Kiribati – is calling for a global moratorium on new coal mine development. Meanwhile, in Australia, we have a government that champions coal, and an electricity market that’s still wedded to fossil fuels.
As India transforms its energy market, solar pricing has fallen to the extent that it is now cheaper than new imported thermal coal-fired power plants.