Cutting funding to ARENA, which is both fulfilling Australia’s climate obligations and driving innovation and energy affordability, would be a tragic error.
Australian Federal Government
Australia’s dirtiest coal fired generators will be given carte blanche to keep on emitting, or even increase their emissions under new baselines.
Labor’s NT election win adds interesting dynamic to COAG energy council, adding yet another state government with a RET more ambitious than federal Coalition.
What does last year’s Paris agreement mean for Australia’s climate policy and decarbonisation?
ACCC says it’s perfectly OK for big utilities to exercise their market power and force up prices, as they did to devastating effect in South Australia last month. And although the regulator identified the lack of competition in the state a decade ago, it still chooses to take a pot-shot at renewables.
In a decision that will rank top of the Stupid List, Labor appears to have accepted Coalition plans to strip $1bn from ARENA.
Energy ministers hailed progress, but their summit ducked key issues. They refused to embrace the target zero net carbon emissions, while South Australia indicated it favoured an “emissions intensity” scheme to replace the renewable energy target.
More evidence emerges of how big utilities game the market in South Australia, and how the fossil fuel industry tried to blame it all on renewables. This comes as energy ministers meet to consider proposals to open up the national gas market.
Coalition takes new tack on stripping funds from the Australian Renewable Energy Agency, and seeks to wedge Labor on the issue.
Recent price surges in Australian wholesale markets have strong resemblance to the bidding patterns used by Enron in the lead up to California’s energy crisis more than a decade ago.