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.
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.
Senate inquiry labelled ‘gutless’ after confirming network ‘gold plating’ had inflated power prices, offering little insight on how to fix the problem.
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.
Green bonds are an emerging class of debt promising investors steady returns without costing the Earth.
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.
Worldwide renewables investment slowed down in first quarter, but not in South Africa or India, where shift from centralised coal power continues.
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.