Long-term targets are an excuse for “procrastination”, and even targeting net zero by 2050 will only lock in fossil fuel use, Australian think tank says.
EnergyAustralia reports on a challenging six months that included forking out $65 million – and counting – to address its ongoing Yallourn coal mine problems in Victoria.
Renewable energy sources in UK generated more electricity in 2020 than fossil fuels, a first for the country.
EnergyAustralia allowed to divert 3,500 megalitres a day – roughly 1,400 olympic-sized pools worth of water – from Morwell River to save Yallourn coal mine.
The ESB’s unnecessary capacity payments for fossil fuel generators could cost $3.2 billion a year, and consumers will pay.
Origin Energy takes massive hit on value of its coal and gas assets, and on its long term renewable energy contracts.
AEMO presents five scenarios for the energy transition, but only one delivers on climate targets and requires zero emissions grid by 2035.
Renewables overtake both coal and nuclear for first time to become second biggest source of electricity generation in US in 2020.
Wind and solar projects are queuing up, but short term factors and high coal prices cause us to lift our wholesale price forecasts.
New rules championed by Angus Taylor could benefit coal and stifle the pace of the clean energy transition. “It’s terrible,” said one insider.