Renewables accounted for 3/4 of all new capacity in Europe in 2011, Australia plans first carbon auction in 2014.
The Grattan Institute’s study into Australia’s energy future canvasses seven technologies that could help deliver an 80 per cent reduction in emissions by 2050 – wind, solar PV, solar thermal, geothermal, CCS, nuclear and bio-energy. And then there is the grid, and it’s need to be smart and play fair, and not just favour the incumbent coal and gas plants.
A new report from the Grattan Institute highlights the need for increased government support for clean energy in Australia. It says a carbon price alone will not suffice, regulatory changes are needed and fossil fuel subsidies should be removed. But it hedges its bets on which technologies will provide the solution, and at what cost.
Hot Rocks lands funding deal for $200m of geothermal developments in Peru, Chile; another good month for local cleantech stocks.
There’s a lot at stake for both new and existing energy technologies in the structure of the Clean Energy Finance Corp, and even if it is actually deployed. Little wonder that the submissions range from the case for fast-track emerging technologies to the case for keeping them in the lab. The debate promises to be loud, and not very clear.
From smart grids, to solar energy and wind farms, China is building a dominant position. The world takes note.
Australia’s Kuth Energy adds Saipan to portfolio of island geothermal prospects, how wind turbines could increase crop yields.
DoE report notes oceans could provide one third of US energy; Spain and the UK wrestle with solar tariffs.
Better Place plans an IPO, Buffett creates new renewables division expand $10 billion green energy portfolio
What are the most exciting cleantech projects in Australia this year? We look at solar energy, algae, electric vehicles, geothermal, wind and wave energy, and take a punt on their prospects.