Renewable energy zones will unlock wind and solar and bring prices down, but gas faces challenges from more flexible coal and more renewables.
The recent trend has been to relax guidelines on the safeguard mechanism, but that may soon change with a net zero emissions target.
Prices for Australian Carbon Credit Units (ACCUs) could more than double by 2030, rising to a range of $20-45/t.
Price of Australian carbon offsets broke through $17 a tonne last week, as big polluters looked to voluntarily offset their greenhouse gas emissions.
Australian carbon spot price climbs again, as pressure continues to grow for the Morrison government to commit to a more ambitious net-zero emissions target.
And why long-term investment will remain uncertain until a more robust and integrated climate and energy policy framework is developed.
The proposed mechanism could result in the perverse outcome of paying high emitting businesses to invest in projects which increase absolute emissions.
An Australian power system dominated by renewables by 2030-40 will deliver reliable and affordable electricity, as long as regulator and policy makers come to the party and create clear investment signals.
Coronavirus pandemic could help to create a “perfect storm” for the wholesale electricity market, with the potential for lower demand, lower gas prices and new renewable projects to depress electricity prices,
International carbon prices have tumbled amid fears that a Covid-19 induced economic downturn will curb industry demand for carbon allowances.