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Category: Markets

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Abbott blows his carbon budget in first Direct Action auction

Abbott blows his carbon budget in first Direct Action auction

Abbott appears to have already blown its carbon budget, selling emissions abatement in first round of auctions at price that would make it impossible to meet even Australia’s modest 5 per cent cut in emissions by 2020.

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Fossil fuels must face up to 'black swan moment'

Fossil fuels must face up to ‘black swan moment’

Fossil fuel companies should be factoring in the risk of a climate change-driven ‘black swan event’ – such as the sudden and complete transformation of the global energy market, or a decision to cap global emissions – as part of their basic business strategy, a new report has found.

3
Network gold-plating confirmed, as Senate report slammed as 'gutless'

Network gold-plating confirmed, as Senate report slammed as ‘gutless’

Senate inquiry labelled ‘gutless’ after confirming network ‘gold plating’ had inflated power prices, offering little insight on how to fix the problem.

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South Africa doubles down on renewables with plans for 6.3GW auction

South Africa doubles down on renewables with plans for 6.3GW auction

South Africa plans to contract another 6.3GW of renewable energy capacity as it ‘pulls out all the stops’ to meet its energy challenge. Australia, take note.

0
Emerging frameworks for green bonds could boost finance for renewable energy

Emerging frameworks for green bonds could boost finance for renewable energy

Green bonds are an emerging class of debt promising investors steady returns without costing the Earth.

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Renewables can weather any oil price changes: BNEF Summit

Renewables can weather any oil price changes: BNEF Summit

Abu Dhabi energy executive says Mid-East appetite for renewables booming, as falling costs mean solar and wind can ‘weather any changes in oil prices.’

5
First auctions to prove Direct Action more slogan than policy

First auctions to prove Direct Action more slogan than policy

Tony Abbott’s Direct Action plan to address Australia’s modest emission reduction targets finally hit the road this week. If the analysts are right, it will prove nothing more than the emperor has no clothes.

0
South Africa, India buck renewables slowdown, in shift away from coal

South Africa, India buck renewables slowdown, in shift away from coal

Worldwide renewables investment slowed down in first quarter, but not in South Africa or India, where shift from centralised coal power continues.

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ARENA launches $20m funding round to boost renewables uptake

ARENA launches $20m funding round to boost renewables uptake

Round 2 of ARENA R&D funding offers $20m to projects aimed at cutting renewables costs and fast-tracking integration into networks, buildings and industry.

13
Major French banks rule out Galilee coal investment. Meanwhile, in Australia...

Major French banks rule out Galilee coal investment. Meanwhile, in Australia…

New campaigns target Oz Big Four as France’s biggest three banks join funding boycott of Qld mega-coal mine projects.

0
Buffett, GE, infrastructure funds lead race into utility-scale solar

Buffett, GE, infrastructure funds lead race into utility-scale solar

New data shows major global infrastructure funds rushing to invest in portfolios of PV power stations, to catch the big solar wave.