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From EV start-up to energy giant: Tesla’s $5bn ‘gigafactory’ plans
Tesla’s plans for a $5bn battery ‘gigafactory’ aim to drive down the cost of EV battery packs, and shake up the US energy storage industry. An EV start-up is about to help transform the world’s electricity markets, as well as the transport industry.7 -
Massive losses hit EnergyAustralia as demand falls, solar soars
EnergyAustralia takes massive loss as it writes down value of Yallourn brown coal generator, and some of its gas-fired generators. Worse may be to come as demand falls, solar soars, gas prices surge due to the LNG boom and even coal costs rise as legacy contracts are removed. -
Australia should treble 2020 emissions target, aim for 60% cut by 2030
Climate Change Authority report recommends ‘significant tightening’ of Australia’s existing emissions reduction target, to a 19% cut by 2020, and 60% by 2030. It also proposes a strict ‘carbon budget’, and a fund to buy cheap international credits. -
Plimer leads IPA fund-raising push for new climate denial book
Ian Plimer fronts a new Institute of Public Affairs campaign to raise funds for climate denial book featuring Bolt, Laframboise, Nova, Lawson, and other luminaries. He credits IPA for killing carbon pricing, and soon the renewables target. -
AGL baulks at endorsing current fixed renewables target
AGL Energy, poised to become the biggest coal generator in NSW, refused to endorse current fixed renewable energy target. CEO Michael Fraser says it is clear that renewables would overshoot 20% if target left as is, and noted demand is falling and it may not be possible to build enough wind farms anyway.
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