Carbon Economy

54

Extreme fast-charging EV batteries emerge

Via The Guardian: Batteries capable of fully charging in five minutes have been produced in a factory for the first time, marking a significant step towards electric cars becoming as fast to charge as filling up petrol or diesel vehicles. Electric vehicles are a vital part of action to tackle the climate crisis but running

47

The death of coal comes to Asia

Via the AFR: Policy changes flagged by politicians and government departments in Vietnam, Indonesia and Bangladesh, and a full moratorium on new coal plants in the Philippines, may result in just 25 gigawatts (GW) of new coal-power projects getting built this year. That is an 80 per cent reduction from the 125GW planned five years ago,

28

2020 was Australia’s fourth hottest year on record

The BOM has released its Annual Climate Statement for 2020, headlining the sobering fact that 2020 was the fourth-warmest year on record, with temperature now 1.15 °C above the 1961–1990 average. Senior Climatologist Dr Lynette Bettio, said that: “The mean temperature for the 10 years from 2011 to 2020 was the highest on record, at

19

WoodMac: LNG doomed!

Via Oilprice: …if governments decide to double down on their climate change targets and start aiming for the more ambitious 2-degree scenario under the Paris Agreement, LNG growth will suffer. The so-called 2-degree scenario refers to efforts aimed at curbing the rise in average global temperatures to 2 degrees Celsius. A less realistic scenario is

9

Chinese house prices slip-slide away

This is potentially a very big story for 2021. Chinese house prices are slip-sliding away. In November they barely grew at just 0.1% and 4% year on year: 46 of 70 major cities are now either stalled or falling: Top tiers are cooked. There is still some growth lower down: The raw data:   Needless

5

Energy Quest entirely wrong on LNG

There is a reason that Energy Quest gets all of the research from the gas cartel. Today it blasts out complete economic drivel on price controls: “This kind of policy is more common in third-world countries. Given that most LNG is sold at oil-linked prices, which are generally higher than oil-linked prices, this could require

12

Grattan: Climate change is a health disaster for Australia

Stephen Duckett, Health Program Director for the Grattan Institute, has released a new report explaining how climate change poses a health disaster for Australia. Below is the Overview of the report alongside key charts and figures: Australia is about 1.5oC warmer than it was a hundred years ago. This warming is harming the health and

12

ACCC backs gas price controls

It’s taken me years to beat sense into the ACCC. It began to turn a few years ago but now it’s 100% on board. At The Australian: The competition regulator and major gas buyers say Australia’s big east coast LNG exporters have nothing to fear from the potential introduction of formal price controls, arguing the

41

How can China reach its net zero carbon pledge?

Via Bloomberg: China’s recent pledge to achieve carbon neutrality before 2060 has surprised the world. As the world’s largest carbon emitter and energy consumer, China’s yet-unknown pathway to carbon neutrality is certain to disrupt the globe’s energy economy. This white paper examines how accelerated electrification of final energy use in sectors such as industry and

39

World waiting for “suicidal” Australia to wake up on climate

Via Domain: The world is waiting for a “suicidal” Australia to reverse its stance on climate change, says one of the world’s most senior diplomats. Christiana Figueres, who was executive secretary of the United Nations Framework Convention on Climate Change through the Paris Agreement talks, said the world expected more from Australia in the lead-up

8

Joel Fitzgibbon crushes all hope of cheap eastern energy

Via the AFR: …energy spokesman Mark Butler said NSW needed the gas from the proposed $3.6 billion development. “NSW has relied upon other states for their gas supplies for many, many decades,” he said. “As their traditional supplies from Bass Strait or offshore Victorian fields drop off over coming years, as they will, NSW has

2

Gas lobby dreams turn nightmare!

The oil and gas lobby is having itself on big time at the AFR: Nationally consistent policy, improved regulation and better tax rules could help unlock billions of dollars in investment in Australia’s oil and gas sector and create thousands of jobs, according to a new report. Industry lobby the Australian Petroleum Production and Exploration

6

Is urban density really more environmentally sustainable?

Dr Tony Recsei, president of the Save Our Suburbs community group which opposes over-development, has challenged the notion that high density urban planning is more environmentally sustainable than lower density: The assumption that high-density is environmentally superior seems to be based on intuition as no proof is provided to support this claim. Rather, considerable evidence

22

NSW has destroyed Morrison’s “gas-led recovery”

At the AFR comes the Morrison’s Government worst minister (and that’s saying something): Federal Energy Minister Angus Taylor has demanded the NSW government hand over the modelling behind its energy infrastructure road map amid worries in Canberra it will push up power prices and among electricity suppliers that the policy will derail planned new gas

27

Coalition digs its energy hole so that it can fill it in

Here’s what Coalition brains trust, Brian Fisher, author of the Menzies Research Centre report Powering out of Pandemic: Unleashing the Potential of Gas, writes today at the AFR: The competitive advantages of natural gas in our changing energy mix are too great to be ignored, even by its would-be detractors. With two-thirds of Australia’s coal

17

IIF: Climate change to consume 7% of income by 2100

We interrupt this program with a news flash from the International Institute of Finance: Climate in the spotlight: The COVID-19 recession has been a stark reminder of how strongly the environment can impact the economy, as the long-term economic consequences of climate change increasingly begin to materialize. However, assessing the impact of climate change on

5

Morrison Gas Unplan to burn taxpayer dough in stranded assets

Via the ABC: The Federal Government’s planned gas-led recovery could turn out to be a mirage, according to energy experts who question the economic case for investing in gas infrastructure when fossil fuels are being rapidly replaced by renewable energy sources. In September, Prime Minister Scott Morrison announced a plan to “reset the east coast

99

Watch: Malcolm Turnbull slaughters Paul Kelly on climate

Marvellous! Malcolm Turnbull put Paul Kelly to the sword last night: Jeez, where was that Malcolm in power? Cop that Kelly! For years he has painted a veneer of respectability over Murdoch propaganda, including regarding climate. The petition is on its way: Australia’s largest-ever parliamentary e-petition, which calls for a royal commission into media diversity

22

Rebel LNP think tank demands zero carbon

Lordy, are there a few brain cells left in the LNP? From Blueprint, a young liberal think tank aligned with Chris Pyne and Robert Hill: Australia has committed to full decarbonisation by some point this century. But if we don’t commit soon to rapidly decarbonise, the decision may be forced upon us. Japan, South Korea,

19

The gas cartel wins

The new energy issues paper released by the Minister for the Gas Cartel, Keith Pitt, has produced a debate as devoid of ideas and facts as the paper itself. As usual, it is all rentier and no Australia at the AFR: A new Morrison government discussion paper on gas reservation has flagged a sensible backflip

209

If Bob Brown fell in a wood, but no Green saw it, did it happen?

That is the question confronting every Fake Green today. The godfather of Australian environmentalism, the man who got arrested, who blockaded Franklyn Dam, who ploughed through the slings and arrows of fossil-fuel rent-seekers, who gave environmentalism power, who is gay, who is left, who is a living legend of global green politics, is now being

30

Albo’s renewable energy plan FAR superior to Morrison gas unplan

Via Albo at the AFR: Our transmission system was built for a time when solar panels ran pocket calculators, not the one in four households which have rooftop solar. The current network takes no account of the rise of renewables as the cheapest new energy source and doesn’t help link these new sources up to

56

Greenland ice sheet going, going…

Via ABC: Melting of the Greenland ice sheet has hit a rate unmatched in the last 12,000 years and is accelerating, scientists have confirmed. Research published in Nature today predicts that the Greenland ice sheet will be melting by as much as six times its current rate by the end of the century if we don’t

19

China pledges carbon neutral target in 2060

Via The Fake Left: Australia’s resistance to a mid-century net zero emissions target is likely to become increasingly unsustainable after China surprised global leaders by pledging it would reach “carbon neutrality” before 2060, climate analysts and advocates say. The announcement by the Chinese president, Xi Jinping, at the UN general assembly on Tuesday means the