Carbon Economy

47

Unchecked climate change to destory all ocean life

She’ll be right. A new peer-reviewed shocker published in Science for the loons to ignore. — Rising temperatures, rising risks Climate change brings with it the increasing risk of extinction across species and systems. Marine species face particular risks related to water warming and oxygen depletion. Penn and Deutsch looked at extinction risk for marine

16

Morrison gas cartel delivers new energy shock with added treason

This is such a bad analysis that I don’t know where to look: Outages at coal fired power stations have pushed up gas prices on the east coast of Australia spiked, sending wholesale electricity prices surging across the National Electricity Market. Spot gas prices hit $19.31 a gigajoule in Brisbane on April 9, according to

40

Ignore the electricity grid Chicken Littles

There has been a lot of talk lately about electric vehicles and their impact on the electricity grid. Some say we can’t transition to renewable energy because electric cars will swamp the grid with demand. GMO’s Grantham was the latest of a long line who are concerned: Perhaps the last great irony of the fossil fuel

39

“Psycho” Morrison “ends the weekend”

The problem with being such a prolific liar is that you are constantly being mugged by reality. Recall this: Scott Morrison has also doubled down on his scathing comments about electric vehicles in 2019, insisting he does not regret accusing Bill Shorten of wanting to “end the weekend” with his electric vehicle plan. Mr Morrison

17

Shocked. Shocked! Snowy 2.0 turns $10bn black hole

This is Coalition politics at its worst. Paralysed by climate troglodytes, a desperate Malcolm Turnbull pulled the Snowy card and now we’ll all pay: Five years ago on Tuesday, then prime minister Malcolm Turnbull announced, with great fanfare, the Snowy 2.0 pumped hydro project: “The Turnbull Government will start work on an electricity game-changer …

3

Chinese “no longer want to buy houses”

Because they are for living in, not speculation. One of the ironies of the contemporary freedom versus autocracy debate is that dictators can do what prime ministers dare not: China’s outstanding medium- and long-term loans to the household sector, mostly mortgage loans, declined in February for the first time since record started, indicating that home

4

Don’t cut fuel excise to soften petrol prices

In 2001, just prior to the 2001 Federal Election, the Howard Government made the short-sighted decision to freeze Australia’s fuel excise at 38.14 cents a litre, abandoning the twice yearly CPI increase that had long been a feature of Australia’s excise system. Facing an assault over the rising cost of living, John Howard’s decision was

1

Chinese property still in the toilet

Mizuho with the report: • Both China’s 1Y and 5Y loan prime rates were kept unchanged earlier today, as the PBoC will probably wait another few weeks to see how previous easing measures play out after excluding the distortion from the LNY holiday. We note that the PBoC has already made liquidity injections of RMB300b

10

Kerry Schott swats McCrann energy bug

Former chair of the Energy Security Board, Kerry Schott, is no climate change or renewables soft touch. She’s a hard-nosed, highly experienced, non-nonsense energy regulator. Today she swats the energy panic insects swarming the Cannon-Brookes AGL bid: The reason for the massive increase in wind and solar renewables is economic. In the wholesale electricity market,

36

Terry McCrann is an energy clown

Honestly, Tez, this is just poppycock: Thank you Mike for so promptly demonstrating the truth of what I wrote about Origin’s proposed closure of a real power station, Eraring. That it would have a cascading impact on all the other real – coal-fired – power stations; forcing their accelerated closures, because the totally destructive and

27

Private capital bullies Morrison’s corrupt coal cranks out of way

Honestly, the Morrison Government is an entire pack of psychos: An expansion of the proposed taxpayer-funded power station at Kurri Kurri in the Hunter Valley is being considered by the government amid a scramble to fill a baseload generation gap caused by the premature closure of the Eraring coal plant. Energy Minister Angus Taylor said

8

NSW SoE report: population growth a key driver of environmental decline

Recall that the incoming premier brief from top bureaucrats within the NSW Department of Premier and Cabinet told Premier Dominic Perrottet that Australia needs an “explosive” surge of 2 million migrants to boost the economy: “An ambitious national immigration plan similar to Australia’s post-World War II approach would ensure Australia would benefit from skills, investment

29

Only low-population growth can keep warming below 2 degrees

Professor Ian Lowe – emeritus professor of science, technology and society at Griffith University, former President of the Australian Conservation Foundation (ACF), and author of the excellent book Bigger or Better?: Australia’s Population Debate – is lead author of a new discussion paper entitled Population and Climate Change. The report explores questions including: How is

15

Power forecasting the inevitable decline of coal

I love predictions, especially about the future, and apart from the boffin masters at Martin Place with their inflation dart throwing workouts, the chaps at the IEA (International Energy Agency) are not having a good decade. Here’s their forecasts for US coal generation in the last decade vs actual electrical production: Versus solar additional power

40

2022 could be the year Tesla goes Teracap

Morgan Stanley with the note: Tesla reported 4Q unit deliveries roughly 15pct ahead of consensus, annualizing to over 1.2mm units BEFORE contribution from Austin and Berlin which we ultimately expect to be far larger plants than Fremont and Shanghai. 3key thoughts: It’s not just the unit beat, but the favorable economics from reducing the proportion