Carbon Economy

3

Australia’s gas cartel killer takes shape Outback

Via Bloomie: The answer to the renewable energy industry’s biggest challenge is emerging in the Australian outback. Early next year, one of the first power projects that combine solar and wind generation with battery storage is planning to start up in northern Queensland state. The Kennedy Energy Park, just outside the sleepy town of Hughendon,

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Cannon-Brookes attacks Fuhrer Morrison

Every modern nation needs good billionaires to fight evil ones. I have my issues with Mike Cannon-Brookes and the Atlassian cheap labour arbitrage model but on climate change he’s excellent, via David Crowe: “The people protesting over climate change are not quiet Australians. They are being loud because the government is quiet on the climate,”

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Watch: Fuhrer Morrison’s brown shirts beating shielas

Some nice examples of belting sheilas around the face so that they can no longer terrosise billion dollar miner conglomerates, via Crikey: Attempts by protesters to blockade the International Mining and Resources Conference (IMARC) in Melbourne have been met by a… let’s call it a heavy-handed police response. Videos of cops shoving, hitting and unleashing

1

CCP Fourth Plenum delivers little

Via Sinocism today: The Fourth Plenum has concluded, there was no announcement of any personnel changes other than the automatic ascension to full membership of the two alternate Central Committee members discussed yesterday. Sinocism readers were right to be very skeptical of the rumors going around, though the lack of any public sign of pressure

10

ScoMo pays a billion dollars to drive up power costs

It just keeps getting weirder, via The Australian: An extra $1bn will be pumped into the Clean Energy Finance ­Corporation to turbocharge development of next-generation electricity production and upgrade the transmission network to future-proof the grid and drive down prices. The first new capital provided to the CEFC since it was established in 2012 will

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Mining, Nats condemn “disgraceful” kids for saving planet

How the narrative has turned, via the ABC: Climate change protesters have clashed with police in violent scenes outside an international mining conference in Melbourne. Police arrested 47 people outside the Melbourne Exhibition and Convention Centre, where the International Mining and Resources Conference (IMARC) is being held this week. About 250 demonstrators were met by

39

Murdoch has gone climate crazy

Every day it is the same now. Chris Kenny: The extent of daily political deception in the global warming debate is extraordinary. The most obvious and relevant facts go unreported and the most pressing questions are not asked. It is an unspoken conspiracy of misinformation perpetrated by large elements of the media whose starting point

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Time to change your tune on climate change, Mr Bolt

MB has been a great admirer of Andrew Bolt’s exposure of Gladys Liu and his longer term fight to bring rationality to population growth. But in another area, Bolt’s stubbornness refuses to adapt to changing circumstances. For many years, Bolt denied that there were rising temperatures globally. Time has proven him comprehensively wrong: These days

41

Bravo Mike Cannon-Brookes

I’ve given him a mighty serve on a foreign labour arbitrage business model and mass immigration hypocrisy but Mike Cannon-Brookes has some kick-arse ideas, via AFR: Atlassian co-founder Mike Cannon-Brookes will invest part of his personal wealth in an audacious $25 billion project to create the world’s biggest solar farm, its biggest power storage system,

26

Australia settles into carbon pariah role

Via The Guardian: Scott Morrison is increasingly seen as running a “denialist government” that is not serious about finding a global climate solution and uses “greenwash” to meet its emissions commitments, analysts and former diplomats say. Australian observers in New York said Morrison’s failure to attend a UN climate action summit on Monday despite being

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Global children condemn climate failure

Via the ABC: Teenage climate activist Greta Thunberg has captured the world’s attention in a fierce and passionate speech at the United Nations headquarters, accusing world leaders of failing to act on climate change. The UN event was aimed at mobilising government and business to break international paralysis over carbon emissions, which hit record highs

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UN: Climate doom at hand

Via New Daily: Global warming is already eroding Earth’s ecosystem in ways that will release misery on a global scale if it is not mitigated soon, a landmark UN report has revealed. The past five years were the hottest since global temperature records began, the report – compiled by the world’s leading scientists for the

4

As QLD burns, troglodytes rally

Via Crikey comes a nice wrap of QLD troglodyte responses to the worst fires in 130 years: Campbell Newman Naturally, in the face of the calamity afflicting his beloved home state, former premier Campbell Newman did what any great statesman would do: he went searching through the archives to prove it really wasn’t that big a

8

Another Australian investment domino falls over

Via The Guardian: A new snapshot of Australia’s clean energy sector warns new investment committed in the first half of 2019 has fallen back to 2016 levels, when Tony Abbott invited an investment strike when he tried to abolish the renewable energy target. While the Morrison government has been trumpeting record recent investment in renewable energy

12

CPC condemns Australia for Pacific Island’s sinking

Via The Guardian: Beijing has condemned Australia for acting like a “condescending master” towards Pacific countries, insulting climate-vulnerable nations and “spreading the China threat fallacy among island countries”. In excoriating remarks, China’s foreign ministry spokesman Geng Shuang said Pacific island leaders do not share Australia’s fear of Chinese influence in the Pacific, and accused Australian

7

Carbon capture won’t save coal

Via AFR today: In late February Peter Coates, Glencore’s non-executive director, appeared at an event in Sydney to make a rare intervention from a mining leader — a full-throated defence of the coal industry, whose very existence is under threat because of its role in global warming. …Six months later, the industry decided to take

3

Chinese growth spirals into trade war vortex

China’s July data dump is out and there is no hiding the pain now. Industrial production hit the lowest level in living memory at 4.8%, retail sales retraced sharply to 7.6% and fixed asset investment slowed to 5.8%: Under the bonnet, real estate sales continue to fall: With developer land purchases signalling much worse ahead

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Here comes China’s next deflation tsunami

Chinese inflation is out and it’s firm for consumers at 2.8%: But it’s all about pork as the epidemic of African swine fever slaughters supply and will thus pass: Meanwhile, and more importantly for Australia and the world, producer inflation is cooked and is about to plunge as the trade war hammers industry: Just wait

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What if the world applied “green sanctions” to Australia?

Via FTAlphaville comes the next phase in the fight against climate change: Edoardo Saravalle previously worked on sanctions and economic statecraft matters at the Senate Committee on Banking, Housing, and Urban Affairs at the Center for a New American Security, a Washington-based think-tank. In this guest post, he proposes a different approach to tackling climate

1

Trade talks fail, China won’t stimulate property (lol)

Some amusing stuff today on US/China trade talks. They’re going nowhere, via Reuters: U.S. and Chinese negotiators wrapped up a round of trade talks on Wednesday without visible signs of progress and put off their next meeting until September, extending an uneasy truce between the world’s two largest economies for at least a month. …The

3

US coal collapse continues as gas powers on

From the IEA: Source: U.S. Energy Information Administration, Annual Electric Generator Report and Preliminary Monthly Electric Generator Inventory Between 2010 and the first quarter of 2019, U.S. power companies announced the retirement of more than 546 coal-fired power units, totaling about 102 gigawatts (GW) of generating capacity. Plant owners intend to retire another 17 GW of coal-fired capacity by