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How big is Australia’s carbon bubble?
That depends on what you are looking at. If it’s an individual company, the bubble will look big. If it’s the whole market, it will look quite small, a Citi report suggests. That’s good news for investors with balanced portfolios, but potentially bad news for the likes of Gina Rinehart and Clive Palmer.1 -
Meridian gives green light to $260m wind farm near Ballarat
Meridian Energy to begin construction of the 131MW Mt Mercer wind farm, as it decides whether to take on Australian utilities at their own game, with a green tinge, and replicate an energy retailer that has been hugely successful in New Zealand. -
Five things we learned last week ….
Heard the Scandinavian joke about the Polish parliament? It’s now setting our carbon pricing policy. Plus: EU link could benefit big emitters; do renewable energy traders know something we don’t; Origin’s continues carbon clean out; and NGO puts the wind up Victorian government. -
Is the word of one climate scientist worth that of 420 Spice Girls?
In a week when Arctic sea ice levels plunged to a record low, the infamous climate change-denying ‘Oregon petition’ has resurfaced in mainstream media and on talkback radio, pitting the ‘expert’ views of vets, dentists and Spice Girls against peer-reviewed climate scientists. -
Interview: Miles George on the outlook for wind and solar farms
The Infigen Energy managing director says wind farms need to be commissioned soon to ensure the Renewable Energy Target is met. He expects solar PV to play a significant role, and is excited about the opportunities of battery storage and combining this with wind and solar. -
Carbon price shock: more likely to go up than down
The removal of the price floor and the linking with the EU means that Australia’s carbon price is more likely to rise in the medium term than fall. Combet says he is confident EU market issues will be resolved. Meanwhile, Origin Energy scraps a $163 million carbon offset deal with Carbon Conscious. And a carbon info-graphic. -
The triumph of Tony Abbott’s carbon alter-ego
Tony Abbott may continue his public war of words against the carbon price, but he would quietly approve of the new de-facto minister for carbon pricing in the Australian cabinet – the think-alike prime minister of Poland, Donald Tusk. But the introduction of the carbon price floor underlines the importance of maintaining the renewable energy target. -
Australia scraps carbon floor price, links ETS with EU
Australia says it will scrap the proposed carbon floor price of its emissions trading scheme as part of a deal to link with the EU ETS, and will restrict access to Kyoto credits. The Australian carbon price will now be set in Europe. All eyes on Poland!
