Renewable energy zones will unlock wind and solar and bring prices down, but gas faces challenges from more flexible coal and more renewables.
Markets
“Urgent action needed now”: More than 100 companies demand more renewables
More than 100 Australian companies have issued a joint call to governments to ramp up spending on renewables.
Australia’s largest energy efficiency market hits new price high, from shaky ground
Energy efficiency certificate markets dried up in March and April, and the price again began to climb to a high just above $60.
‘Tsunami’ of renewables to sweep gas and coal out of market, and drive prices lower
‘Tsunami’ of new renewables to supply majority of electricity in Australia’s main grid by 2030, as market share of coal and gas collapses, Reputex predicts.
Past, present and future: AGL is making a mess of its clean energy transition
I’ve seen lots of demergers and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up.
Australia is about to get its first proper carbon market, and it could save business $100m
It’s official: Australia will soon have its own fully-fledged carbon market as Clean Energy Regulator kick starts creation of carbon exchange.
Wind and solar help slash electricity default market offers for 2021-22
Record-breaking investment in large-scale solar and wind energy generation has helped to slash electricity prices for standing offer customers in NSW, Queensland and SA.
Orica bags half of Coalition’s latest carbon auction with explosives factory upgrades
A Newcastle explosives factory dominates the latest Emissions Reduction Fund auction, as participation in the fund remains subdued.
APRA warns banks will face lawsuits if they fail to account for climate risks
Financial services regulator issues draft guidance on the financial risks of climate change, flagging increased prospects of threats of climate litigation.
Carbon offset prices could double by 2030, unless companies do the dirty work
Prices for Australian Carbon Credit Units (ACCUs) could more than double by 2030, rising to a range of $20-45/t.
