Carbon Economy

Never mind the appropriate divisions of public policy and private business.

Via Domainfax: States and territories that slash greenhouse gas emissions will likely do the heavy lifting while others would be allowed to do less under the Turnbull government’s update of its signature energy plan.

Via Domainfax: Cuts in power sector emissions are unlikely to be maintained, while those from the transport sector will continue to climb in the absence of mandatory standards, according to analysis by The Australia Institute.

Andrew Forrest’s new east coast gas play is just another disastrous chapter in Australia’s gas monstrosity.

By Leith van Onselen It’s a question I have often pondered.

Straya has dodged a bullet thanks to STO management: The Santos move to reject Harbour Energy’s $US14.4 billion offer and to disengage from further negotiations arrived a stunning and unexpected blow to the ambitions of its US private equity pursuer.

Josh Frydenberg is either lost or corrupt on energy.

By Leith van Onselen The likelihood of Adani’s Carmichael mega coal mine project going ahead has shrunk some more.

Via the AFR: Industrial gas users representing more than 10 per cent of east coast domestic demand are at risk of closure because of high gas prices, with upward pressure on tariffs only set to worsen, according to leading industry consultancy Wood Mackenzie.

Coalition energy confusion is truly a sight to behold: The architect of Malcolm Turnbull’s signature energy blueprint says there is no longer an investment case to build new coal-fired power stations in Australia ­because “the cost of coal is always going to be more than the cost of wind and sun”.

Via Ben Potter: The Turnbull government looks set to win approval in-principle from states and territories for the architecture of its National Energy Guarantee at Friday’s energy ministers meeting.

Via The Atlantic: Once upon a time, there was a city so dazzling and kaleidoscopic, so braided and water-rimmed, that it was often compared to a single living body.

The combination of an evil government and the reflexive support of Newscorp has doomed the Australian energy market.

The truth comes out: Victorian Energy Minister Lily D’Ambrosio says the state will not sign up to Malcolm Turnbull’s signature energy policy tomorrow, demanding more information before the Andrews government makes a final decision by August.

  Ahead of the May budget Gunnamatta spoke with Leith van Onselen and David Llewellyn-Smith about the economic outlook and the unfolding Australian economic narrative.

Via the AFR: Australian Competition and Consumer Commission chairman Rod Sims has warned the Turnbull government’s National Energy Guarantee could stifle competition in the energy sector or push up prices for businesses and consumers if it was not properly designed.

Via MIT: Carnegie Institution, calculated that the world would need to add about a nuclear power plant’s worth of clean-energy capacity every day between 2000 and 2050 to avoid catastrophic climate change.

Via Reneweconomy: The South Australia state government is to provide a $10 million loan to help UK billionaire Sanjeev Gupta trump fellow US billionaire Elon Musk and build an even bigger battery at Port Whyalla.