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
After the abject failure of COP26, two startling reports have come out of the most recent earth sciences summit. First, the Arctic is actually warming FOUR times as fast, and secondly, one of the biggest glaciers in Antarctica is likely to shatter very soon. Fuzzy good feelings below from CNBC on the latter: An ice
There is no lie that the Liar will not tell: “The way that Gladys Berejiklian has been treated has been shameful. I have been clear about that,” Mr Morrison said. “She will make her own decision in her own time about what she would look to do. If she wishes to join our team, she
The problem with being an extremist is that you are easily outflanked. The new Labor climate change policy has done just that to the Liar. It has been very well received by the business community and press. The Labor policy is neither overly ambitious nor innovative, but it is politically savvy to the extent that
Last week, The ABC warned that rapid development and urban infill was generating ‘heat islands’ and baking our cities under concrete: Demand for housing has led to a rise in subdivisions, and a loss of yard space and the trees they contain. Block sizes for new houses across Australian cities have plummeted by 22 per
COP-out 26 has held onto coal: …the agreement established a clear consensus that all nations need to do much more, immediately, to prevent a catastrophic rise in global temperatures. It outlined specific steps the world should take, from slashing global carbon dioxide emissions nearly in half by 2030 to curbing methane, another potent greenhouse gas.
For years, the development industry and urban planners have called for Australia’s supposedly underutilised middle-ring suburbs to be bulldozed for apartments and townhouses in order to house the many millions of extra migrants projected to inundate our cities over coming decades: This transformation into a dense urban form is to be most stark in Sydney,
The number of rooftop solar systems installed by Australian households and businesses has now passed the three million mark, according to SunWiz. Queensland has installed the most rooftop solar systems, followed by NSW and Victoria. The current capacity of installed rooftop solar systems is equivalent to five Eraring power stations, with Eraring being the biggest
There are five reasons why the Chinese economy is going to crash over 2022. China Crash 2022 point one: developer credit crunch China’s “three red lines” policy aimed at deleveraging property developers has frozen the dollar-bond funding market and it continues to get colder. Goldman: Concerns regarding the China property sector continued to mount, as
A new report has called for the large-scale redevelopment of more than eight million ageing Australian homes in order to reduce their energy footprint and carbon emissions: Nicholas Proud, the chief executive of PowerHousing Australia… [said] “the ageing housing stock will cruel any targets until sustainable technology takes over from coal”, which was decades away…
This says it all about Australia at COP26: Is Australia even there? Or is it Santos with a national fag hag attached. There’s more here if you want to heave. Notice the finely crafted aboriginal motifs, the serene and clean ocean blue, the endorsement for CCS that doesn’t exist. This is why Scott Morrison attended
The Coalition has been in power for way too long for the health Australian energy security and the planet. Since Tony Abbott was elected PM in 2013, successive Colation governments have launched a war on energy policy so extreme that it is a wonder that Australia can keep the lights on at all. It began
The Grattan Institute has released a new report, entitled “Towards net zero: A practical plan for Australia’s governments”, which calls on Australia to act now to lift its rate of carbon emissions reduction, or it has little chance of reaching net zero by 2050. Below is the reports Summary and Recommendations, alongside some key charts:
The Grattan Institute has released a blog post calling on the federal government to commit to stronger climate action in a bid to meet its “zero 2050” commitments: On Tuesday, the Federal Government announced its Plan for achieving net zero by 2050. But there are two key problems with the plan. The first: it contains
Fresh from farting its zero-carbon mitigation unpolicy, the Morrison Government today confirms that flatulence will be protected in the national interest: Australia is rejecting a push by the U.S. and the European Union to join a global pact to cut methane emissions, expected to be announced at the crucial COP26 summit in Glasgow which starts
Does PM Morrison not see that we can see? Or are his instincts for today’s tribal politics spot on and he knows all that he needs is a fig leaf for followers to hide behind? The Crikey wrap is succinct: Prime Minister Scott Morrison’s long-awaited climate plan, called “The Australian Way”, has no detail and no modelling
Sly ScoMo is at it again. While we’ve all been subjected to the great pantomime of the Nats playing climate outrider to burnish the appearance of ScoMo’s climate credentials, the truth behind the scenes is leaked to the BBC: A huge leak of documents seen by BBC News shows how countries are trying to change
With the fierce debate around Australia meeting its “net zero” emissions obligations by 2050, it is worth asking how this target could realistically be achieved with the nation projected in the latest Intergenerational Report (IGR) to add 13.1 million people (a 50% increase) over the next 40 years on the back of extreme immigration levels
The Grattan Institute has released a new report calling on the federal government to hasten the transition to electric cars as well as make car travel far less attractive to help Australia hit ‘net zero’ emissions by 2050. Below is the Summary, key recommendations and charts: Summary Australia needs to switch to electric cars to
The planet is saved. Hooray: Scott Morrison will attend next week’s climate change summit in Glasgow with a commitment to achieve net zero emissions by 2050 after the Nationals agreed to a deal they said would enable them to cushion regional and rural Australia against the effects of the economic transition. Before he leaves on
Iron ore and coal crashed yesterday afternoon on the news that Chinese policymakers have no intention of ending their campaign to crush excess property development: China’s banking regulator vowed to keep its curbs on the nation’s property market, dismissing concerns that the crisis enveloping China Evergrande Group will have any major impact on the credit profile of
Chinese inflation was out yesterday and it is a laugh a minute. The CPI is cratered at 0.7% as food prices sag: However, that is not where the action is. It’s producer inflation that delivers the laughs, at 10.7%: And have a look at what is running: Basically, the further upstream in the supply chain
Carbon offsets are viewed as a vital tool for Australia to reach net zero emissions. However, a new report by the Grattan Institute notes that some industries may see carbon offsets as an excuse to delay reducing emissions, and that they should be left for processes that are difficult to decarbonise. Grattan contends that the
The news on Chinese property developers remains terrible and getting worse. Evergrande is so yesterday: Was it all just a pleasant dream? Investors in Chinese property developer Fantasia’s dollar debt who a year ago were feasting on juicy, but still single-digit yields, now find themselves without their principal. Many others could find themselves in a
The Grattan Institute has released a new report explaining how the agriculture sector – which was responsible for 15% of Australia’s greenhouse gas emissions in 2019 – can cut emissions by 50% to help meet any net-zero target. Below is the Overview combined with key charts: Governments around the world are moving to ‘net zero’,
