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Will AGL have to choose between green and brown gold?
A new report highlights the sensitivity of AGL’s proposed new asset, the Loy Yang A coal-fired generator, to weak wholesale electricity prices. So how will AGL position itself in the energy policy debate? Meanwhile, the company says it sells Hallett 5 wind farm in South Australia to Eurus Energy of Japan.2 -
Five things we learned about the budget and fossil fuels
Budget and renewables stuck in neutral; why Ferguson is talking down the value of coal-fired generators, AGL’s dream of exporting brown coal to the world; Loy Yang A reveals more on why generators are terrified of solar; and how some utilities are actually embracing a clean energy future. -
Carbon bubble? What carbon bubble?
Are investors finally taking notice of the threat of a carbon bubble – the valuation ascribed to listed equities for fossil fuel resources that remain in the ground, and may not be exploited in the transition to a low carbon economy? If there is a problem, the regulatory authorities are not letting on. -
Oakeshott loses plot and falls through carbon floor
Rob Oakeshott’s call to dump the carbon floor price would condemn Australia’s scheme to the same fate as that of the EU – it would become economically irrelevant, and make Australia’s transition slower and more expensive. So why has he swallowed the polluters’ arguments? -
Can solar thermal energy compete on costs with wind?
A new Australian project aims to reduce the levellised cost of solar thermal energy to around $100/MWh – the sweet spot that will enable renewable technologies to deliver cost-effective clean energy. Can it be done? The good news is that storage may reduce costs rather than add to them.
