ARENA-backed report says there is a renewable energy alternative for most industry gas applications, to reduce the sector’s exposure to an increasingly uncertain and costly gas market.
Category: News & Commentary
Australia needs to ‘reset’ its climate policy discussion, the government’s advisory body on climate policy has said in its latest report.
Evidence continues to mount that the world is beyond peak coal consumption and that its appetite for thermal coal is waning.
Hot on the heels of a deal to assess Mauritius for a wave power-based microgrid, Carnegie Wave Energy has raised $7.5m in its latest funding round.
According to CTI, over $2 trillion of new and existing investment is in danger of being wasted over the coming decade if governments and companies don’t take action to divert investments away from fossil fuels.
Queensland is the only state in Australia where the wind industry has yet to establish itself. That could change quickly in the next year or so.
Greg Hunt has conceded that world’s current emissions reduction pledges – including Australia’s, presumably – are not ambitious enough to limit global warming to 2°C.
While we will officially meet our Kyoto target, Australian emissions will not fall to -5 per cent on 2000 levels by 2020.
Report says 2°C climate target world mean no new coal mines, peak oil by 2020, and muted gas growth – and put $2trn of fossil fuel assets at risk.