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Policy & Planning
The trillion-dollar hole in Abbott’s climate policy logic
While the Coalition maintains that ambitious targets for renewables and emissions reduction would be economically catastrophic for Australia, a new report from Citigroup has come to exactly the opposite conclusion: strong climate action could save governments around $1.8 trillion by 2040, while inaction could cost as much as $44 trillion by 2060.
Sophie Vorrath
Aug 18, 2015
19
Electricity utilities could lose half their market to solar and storage
In little more than a decade, Citi says electricity utilities in developed countries could lose half their market to solar, storage, and other local generation, and energy efficiency. Even conventional centralised generation may account for as little as 20 per cent of demand as renewables and smart technology take over.
Giles Parkinson
Oct 3, 2013
5
Commentary
Tony Abbott gets crash course in carbon bubbles
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.
Giles Parkinson
Sep 11, 2013
15
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