The cancellation of the massive Wandoan coal project was only supposed to happen under a Labor government. But as a new analysis from Citi suggests, the next decade will look nothing like the past, shocking as that may be to the Coalition. Countries pinning their economic hopes on Chinese coal demand are in serious trouble.
The biggest and most obvious loser from the Australian election result is the $20 billion wind energy industry. Three years ago Australians voted to save the planet, make love and then shoot the lights out. Now they have voted to axe the tax, trash the turbines, did up coal – and then go down with Clive Palmer’s remake of the Titanic.
The policy revelations of the past week suggest climate action and clean energy investments are doomed under a Coalition government. The fate of an industry may depend on the Senate performance of the Greens, and independents such as the Brick with Eyes.
Tony Abbott’s revelation that the Coalition may not meet even a 5% reduction target suggests that the Opposition leader still thinks climate science is crap. Its ironic then, that the IPA should be launching a new anti-science book just two days before the election. And don’t count on Labor to hold them to account.
Contrasting visions as Greens add clean air laws to suite of policies, and Abbott vows to end loans to wind and solar.
The Coalition has allocated $300m to its proposed Green Army, but what will its 15,000 members do? We have some suggestions. What are yours?
As Tony Abbott equates masculinity with the repudiation of climate and green energy policies, a new study finds Direct Action is complete nonsense, would lift costs and would not cut emissions. But that’s OK if you think climate science is crap.
Abbott’s dodges climate plan, while Rudd drinks the Kool-Aid on gas; WA’s solar shocker may threaten Federal Coalition seats; while Victoria farmers come out in favour of new coal-fired generators. Or do they?
The clean energy industry plans a crisis meeting to discuss the future of renewables in as Tony Abbott leads the polls and calls on the Clean Energy Finance Corporation to cease work immediately. A dilution of the renewable energy target would make Australia unique in the world, and there is disagreement on whether concessions should be made.
Abbott’s latest remarks on carbon pricing – parroted though they may be – suggest, firstly, that this Rhodes scholar who studied for an economics degree does not understand financial markets; and secondly, that his views on climate change are inspired from the depths of the climate denier blogosphere.