2016 election sees one bunch of climate deniers turfed out, only to be replaced by another. But will the diminished Malcolm Turnbull still be beholden to his party’s right-wing, Abbott-era climate and clean energy policies, or can he follow the UK’s lead and find middle ground?
Which power retailers are going to be left short of their legal obligations under the Renewable Energy Target and by how much?
The current mechanism for the renewable energy target is costly and inefficient. Here’s an explanation why, and what would work better and mean more wind and solar and lower costs for consumers.
Not as much as Greg Hunt would have you believe… CEC report says electricity price spikes mostly driven by network costs – costs that are now being reduced by increased uptake of solar and battery storage.
Clean Energy Regulator says half of the 6000MW needed to meet Australia’s 2020 Renewable Energy Target must be committed this year – that’s 30 more Clare Solar Farms.
Labor’s climate and clean energy commitment – including zero carbon target by 2030 – forces Turnbull government into Abbott-era scare campaign on prices. This, as Bloomberg New Energy Finance says Australia should be even more ambitious in short term and aim for 63% cut in emissions by 2030.
Friends of the Earth report says Victoria could achieve a renewable energy target of 30 per cent by 2020 just by maintaining current solar installations and wind energy pipelines.
UBS says major gen-tailers have no great incentive to invest in renewables. If they don’t, they suffer no penalty. If they do, they risk cutting earnings from their fossil fuel assets. And there is no long term policy signal.
Some consumers to pay penalty charge after handful of electricity retailers failed to meet their large scale renewable energy target in 2015. Find out which ones.