Abbott government vows to persist with policy to scrap CEFC and ARENA, even though it may not reach emissions reduction targets without them.
Category: Smart Energy
Korea, China move toward emissions trading schemes, while other major trading partners make policy and investment decisions that directly contradict Australia’s approach.
There are already technically feasible scenarios to run the Australian electricity industry on 100% renewable energy without significantly affecting supply.
CEFC co-finances development of biodigester and biogas plant at one of Australia’s largest meat processors, that will halve its electricity bills.
CEFC brings in US solar giant SunEdison to Australian rooftop solar market, and helps local manufacturer Tindo. All told, $166 million will be deployed to expand solar financing and power purchase agreements to avoid up front costs of rooftop solar.
HSBC says carbon price repeal leaves Australia’s resource-intensive economy – and its farm exports – “even more vulnerable” as world moves in opposite direction.
Another project allocated funds under the former Labor government has missed its target, with Petratherm advising that it is unable to raise funds for what was once considered one of the country’s flagship geothermal projects.
Continued measures and support for solar power will help mitigate climate-related forces which leave energy supplies vulnerable to unpredictable disasters.
A new report tries to work out how big a problem wind turbines catching fire is, but there’s little data to work with.