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Category: economy

Why Lower Demand Means Higher Electricity Prices

Posted by Peter, on June 29, 2012

Michael Fraser, Managing Director of AGL has told the ABC that, although the cost of energy production is at a low point, energy prices have increased recently because of the very significant investment in infrastructure to cope with forecast increasing demand. The infrastruction in question is poles and wires and not power stations. Mr Fraser […]  Continue reading »

Reforms Needed to Cope with Changing Climate

Posted by Peter, on April 27, 2012

The Australian Productivity Commission has released its draft report, "Barriers to Climate Change Adaptation", which aims to identify high priority reforms needed to enable effective adaptation to climate change. The report says that the weight of scientific evidence is that the climate is changing and will continue to do so and that Australians will need […]  Continue reading »

Australia’s Uniquely Poor Low-Carbon Competiveness

Posted by Peter, on March 20, 2012

Australia is the only G20 country that has gone backwards on its low-carbon competitiveness since 1995 according to the Global Climate Leadership Review 2012 produced by The Climate Institute and US industrial giant General Electric. The Climate Institute and GE have developed an index that measures a country’s ability to prosper in the emerging global […]  Continue reading »

Australian Policy Based on Wildly Wrong Assumptions

Posted by Peter, on March 13, 2012

It has recently been reported that China plans to cap coal use at 4.1 billion tonnes by 2015. This is not such good news for the anti-coal lobby as it might seem because, back in 2010, China announced plans to cap coal use at 3.8 billion tonnes by 2015. Nevertheless, it does call into question […]  Continue reading »

U.S. Coal Power Plants Closing – Will Australia’s Follow?

Posted by Peter, on February 4, 2012

In less than one week, eight U.S. coal-fired powr plants, representing 4,099 megawatts of capacity, have been earmarked for closure or have been stopped by the courts due to environmental concerns. First Energy has announced that it will close six plants with a total capacity of 2,689 megawatts. Dominion Resources is to close a 515 […]  Continue reading »

Renewable Energy Fund Launched

Posted by Peter, on December 15, 2011

The Australian Government has announced the establishment of a Renewable Energy Venture Capital Fund. Earlier this year, the Government announced that it would make $100 million available for renewable energy ventures. A Chinese investor, Softbank China Venture Capital, has agreed to put another $100 million into the fund. The fund will seek further private funding. […]  Continue reading »

Australia’s Clean Energy Market Worth $5.2 billion Last Year

Posted by Peter, on December 6, 2011

The 2011 Clean Energy Australia report, released at the UN climate negotiations in Durban, says that renewable energy provided nearly 10% of Australia’s electricity in a clean energy maket worth more than $5 billion last year. Findings from the report include: Renewable energy produced 9.6% of Australia’s electricity in the 12 months from 1 October […]  Continue reading »

Huge Subsidies for Coal-Fired Power

Posted by Peter, on November 16, 2011

Saudi Arabia and other Middle Eastern oil-producing states are making big investments in solar energy despite having huge oil reserves. The reason is simply that they can get a better price for their oil on the world market than its value as fuel for their local power stations. Australia is taking the opposite path. For […]  Continue reading »

APEC Countries to Cut Tarriffs on Green Goods

Posted by Peter, on November 15, 2011

The Asia-Pacific Economic Cooperation forum in Hawaii announced plans to cut tariffs in all 21 APEC countries to no more than 5 per cent for trade in "green goods" by 2015. The agreement appears to be entirely in Australia’s favour as we do not now have any tarriffs of more than 5% on environmental imports […]  Continue reading »

Carbon Tax Bill Passed

Posted by Peter, on November 8, 2011

The Australian Government’s carbon pricing legislation has been passed by the Senate and will take effect from the middle of next year. The bills were passed in a division 36-32, with Labor and the Greens siding against the Opposition, independent Nick Xenophon and the DLP’s John Madigan. Under the scheme, the estimated 500 Australian companies […]  Continue reading »

Which Countries Tax Carbon?

Posted by Peter, on July 15, 2011

The Australian Governemt has announced that it will introduce a carbon tax and emission trading scheme. Advocates for and against have been claiming that other countries are not doing this and that Australia "will lead the world". In fact, countries which already have a carbon tax include: Austria (on gas & electricity since 1996), Belgium […]  Continue reading »

Carbon Tax Policies to Promote Renewables

Posted by Peter, on July 11, 2011

As part of its new carbon pricing policy, the Australian Government has announced several measures which are aimed at helping promote renewable energy. The Government has set a target of 20% of Australia’s energy to come from renewable sources by 2020. Under the scheme, the estimated 500 Australian companies which produce more than 25,000 tonnes […]  Continue reading »

World Expert Recommends a Fee on Carbon Pollution

Posted by Peter, on June 25, 2011

Click here to listen to James Hansen, head the NASA Goddard Institute for Space Studies and professor of Earth and Environmental Sciences at Columbia University, explain why a fee on carbon polluion is the best option.  Continue reading »

Carbon Price in 2012 – Trading 2015 or Maybe 2017

Posted by Peter, on February 24, 2011

Prime Minister Julia Gillard has announced that Australia will set a carbon price from July 1, 2012, as an interim measure until a full emissions trading scheme can be introduced three to five years later. No decision had yet been made on what the price would be, or how much industry and households would be […]  Continue reading »

ACT Extends Feed-in Tariffs

Posted by Peter, on February 22, 2011

The Australian Capital Territory parliament has approved legislation to extend feed-in tariffs to medium-sized solar power plants. The law will increase the size of projects eligible for feed-in tariff support from 30 kilowatts to 200 kilowatts. The assistance to larger projects should be available by the end of the year. The ACT government introduced feed-in […]  Continue reading »

Campaign to Close Oil Industry Loophole

Posted by Peter, on February 8, 2011

More than thirty years ago.the Australian Government gave a tax concession to the then-fledgling natural gas industry to encourage exploration – the first 30 million barrels of petroleum condensate from a new field would be free of excise.  Petroleum condensate is the liquid oil obtained as a by-product of natural gas production. Although natural gas […]  Continue reading »

Climate Programs to Be Cut

Posted by Peter, on January 27, 2011

The Australian Government is to cut several programs aimed at reducing climate change in order to release funding to repair the damage caused by floods which may well be the result of inadequate programs to reduce climate change. Prime Minister Julia Gillard announced that “We will cut some spending programs and cap some others. I […]  Continue reading »

Australia Needs Up To $130 billion Electricity Invstment by 2030

Posted by Peter, on December 17, 2010

Launching the inaugural National Transmission Network Development Plan, Resources, Energy Minister, Martin Ferguson, said that "we’ll need to invest between $40 and $130 billion in generation and transmission investments by 2030 to continue to meet the expectations of consumers." The Transmission Plan, developed by the Australian Energy Market Operator, envisages that the bulk of new […]  Continue reading »

Report: Australia’s $35 billion Clean Energy Investment Opportunity

Posted by Peter, on December 15, 2010

A study by the respected Pew Charitable Trusts has found that $2.3 trillion could be invested in clean power assets in G-20 countries over the decade from 2020 to 2030 if enhanced clean energy policies are adopted. The report says that Australia has the potential to obtain $35 billion of that investment. In order to […]  Continue reading »

South Australia to Effectively Ban Coal-Fired Power

Posted by Peter, on December 7, 2010

South Australian Premier, Mike Rann, has announced plans to set carbon emissions limits for new electricity production in South Australia so strict that it will effectively prevent the construction of new coal-fired power plants in the State. MR Rann said that the limit will be introduced as a transitional measure pending the introduction of a […]  Continue reading »

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