For utilities to have a chance at succeeding at the “brown to green” transition, a well thought out and highly flexible strategy will be fundamental.
Coalition’s “clean coal” plant would be costlier and dirtier than alternatives, and on top of that would require billions of dollars of government indemnities and guarantees.
The Turnbull government’s ruling out of a power sector EIS shifts more of the national abatement task over to industry. Any more policy wind-backs will increase the size of that task.
Australia to be excluded from key climate decision-making as Paris treaty comes into force, while fellow “climate villain” Canada changes tune with $C50 carbon price.
The great global race against time has very much begun now. The US and China ratify Paris deal, capital flow shift, China cancels nuclear plant and even conservative press hails transition to sun, wind and water within a generation.
Australia’s National Energy Market is hamstrung by an out-dated, ‘dumb’ grid, and must be updated to face the realities of low carbon, low marginal cost energy generation.
Appointment of environmental campaigner as head of energy policy in Philippines signals major shift away from coal and towards 100% renewable energy.
Labor calls “peak ineffectiveness” on Direct Action as Greg Hunt denies claims from the right the policy might actually have some bite.