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Australia’s big energy switch: from coal and gas to wind and solar
Australia’s electricity mix to shift rapidly from coal and gas to wind and solar, predicts Bloomberg New Energy Finance. Households play a critical role, but the key to their scenario may be the success of the current renewable energy target.7 -
Solar and wind energy’s stunning cost falls to continue
BNEF says solar to continue “precipitous” cost fall, and solar and wind will be cheaper than coal and gas by 2027, beginning relegation of fossil fuels to role of expensive back-up to cheap renewables – until battery storage takes that market away too. -
Why rise of solar, and fall in costs, still shocks energy experts
Solar continues to defy its doubters, with capacity being built cheaper and fast than anyone predicted. Solar capacity is now expected to rise 10-fold to 3.4 million megawatts by 2040, with more than 100 million off-grid households to access solar in developing countries by 2020. -
Direct Action trashed as “wishful thinking” and unfinanceable
Federal government’s Direct Action policy trashed by Bloomberg New Energy Finance, describing it as an exercise is wishful thinking. This comes as Tony Abbott’s main business advisor Maurice Newman renews his attack on climate science and renewable energy.
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