New research suggests that limiting global warming to 1.5℃ rather than letting it reach 2℃ could make a significant difference to the severity of extreme weather events in Australia, and could make all the difference for the Great Barrier Reef.
The solar PV cost reduction spiral reached its lowest point yet at an auction in Chile last week, where a Spanish developer won contracts to sell power from a solar plant high in the Andes for $29.10/MWh.
A Victorian project using “non-network” demand response solutions to avoid network “gold-plating” has won state government funding.
Award-winning state green building program scrapped by Victoria’s former Coalition government, has been reinstated by Labor with a $33m investment over two years to cut building energy consumption and emissions.
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.
DUE’s share price will likely be driven by the success or otherwise of its remote energy and clean energy segment.
Spot prices were below last year, in all States, possibly reflecting good level of wind generation, soft demand and that most interconnectors seem to be working.
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.
The gas industry profited enormously from electricity price spikes in South Australia. The media also played a role, using renewables as a scapegoat.
Origin Energy says recent price spikes in South Australia were predictable and “perfectly normal”. It has advised energy ministers not to be “spooked”.