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We’re targeting 35 pct electrification in less than 10 years – but 35 pct of what?
The COP31 co-presidents had the idea right on global electrification targets. They got the measurement wrong.Investors still “largely downbeat” about renewables, as policy and fossil risks overshadow rewards
Headline policy reform has not translated into improved investment conditions for renewables in Australia, a new survey has found, with 20% saying things have got worse.
“Pouring oil on climate fire:” Global fossil fuel use must halve by 2035 to avoid catastrophic climate damage
Global fossil fuel use must halve by 2035 and be phased out entirely by 2070 at the latest if the world is to keep global warming below 1.5°C.
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Renewables
Investors still “largely downbeat” about renewables, as policy and fossil risks overshadow rewards
Headline policy reform has not translated into improved investment conditions for renewables in Australia, a new survey has found, with 20% saying things have got worse.
Storage
State utility eyes 8-12 hour energy storage investment after “standout” success of four-hour big battery
State-owned utility says it is in discussions to invest in non-lithium technologies with up to 12 hours storage duration, following the “standout” success of its first ever investment, a very big up to 4-hour battery.
Commentary
We’re targeting 35 pct electrification in less than 10 years – but 35 pct of what?
The COP31 co-presidents had the idea right on global electrification targets. They got the measurement wrong.
Chart of the Day: Farewell King Coal, long live King Solar (and wind and batteries)
In capacity-addition terms, fossil fuels are now just a thin orange strip at the bottom of a very tall green wall.
Policy & Planning
Must do better: Bowen seeks rule change to force energy retailers to do right thing by electricity customers
Federal energy minister seeks principles-based rule change to ensure retailers are doing more than just the bare minimum to engage with electricity customers.
Farmers welcome “nation-leading” guidelines for wind, solar and batteries – but warn they are not binding
Greater transparency between neighbours and better coordination across industry sectors are among a new set of “best practice” standards renewables developers are expected to meet in this state.
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