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.
Calls for a ‘free-market’ approach to clean energy development are pure hypocrisy. Why hold renewables to different standards than fossil fuels?
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?
The seriousness of climate change is not appreciated by politicians and the public. Scientists must speak out, leading funds manager says.
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.
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.
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.
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.
Australia’s often-ignored cleantech sector is now bigger than car making and one quarter the size of the country’s entire manufacturing sector. A new report also highlights the big trends in 2013 – growing investment from overseas, a rush to an ETS whoever wins government, and a stronger focus on energy and resource efficiency.