Carbon Economy

20

East coast energy crisis mushrooms

What a mess the east coast energy market is. From The Australian: The head of energy policy at the Grattan Institute public policy think tank, Tony Wood, said ­governments might have to ­consider paying subsidies to keep back-up power sources such as gas-fired electricity available, even if they were only used ­occasionally. Mr Wood also

25

Big Solar knocks off Big Gas

From Reuters: Solar power is on pace for the first time this year to contribute more new electricity to the grid than will any other form of energy – a feat driven more by economics than green mandates. The cost of electricity from large-scale solar installations now is comparable to and sometimes cheaper than natural

19

Victoria launches own renewable energy target

From the Premier of Victoria: Victoria has set ambitious renewable energy targets to create thousands of new jobs and cut the state’s greenhouse gas emissions. By 2020, 25 per cent of electricity generated in the state will come from renewable energy. By 2025, that will rise to 40 per cent. Premier Daniel Andrews and Minister

69

Will your home be swept away by climate change?

Guest post from Kate Mackenzie, former FTAlphaville doyen and Climate Institute senior researcher. Most of you will probably feel there’s already enough to worry about in Australian housing without bringing climate change into it. We are a country that is heavily invested in housing, from households to the macro-economy. But we are also particularly exposed to various effects of climate

207

Trump declares war on planet

From NBC: In a rare prepared speech, Donald Trump outlined his energy policy in Bismarck, North Dakota. Trump is known for bucking conservative orthodoxy but, on Thursday, the presumptive Republican presidential nominee largely hewed to the typical Republican line. Reading from a teleprompter, Trump called for reducing restrictions on energy exploration, opening up more federal

24

The purge in renewable energy employment continues

By Leith van Onselen The ABS has today released its Employment in Renewable Energy Activities 2014-15 report, which attempts to quantify the number of Australians working in the renewable energy industry. According to the ABS, employment in renewable energy has fallen by around one quarter since peaking in 2011-12: Employment in renewable energy activity fell

31

Urban consolidation and the heat island effect

By Leith van Onselen Griffith University academics, Tony Matthews and Jason Byrne, have posted an interesting article in The Conversation urging Australia’s planners to develop urban greening strategies to overcome the so-called “heat island effect” and cool Australia’s cities: …green infrastructure – including street trees, green roofs, vegetated surfaces and green walls – is emerging

50

Maurice drops BOM

Last year was the hottest by far but no, from The Australian: Weather bureaus have changed. They are no longer invisible organisations where avuncular bureaucrats use basic computers to deliver dodgy forecasts. Today’s weather bureaucrats are visible, sophisticated and ideological. But, despite a huge investment in supercomputers, their record for accurate forecasts remains dismal. Their

31

Tesla will shake-up Australia’s electricity market

By Leith van Onselen In December, Tesla launched its much vaunted residential Powerwall in Australia, which is a rechargeable lithium-ion battery that can be mounted on the wall of one’s house. Gizmodo explains the benefits of the Powerwall as follows: For those with solar panels already installed, it can store the excess energy being collected,

109

2015 hottest year on record by far

From the US NOAA: The State of the Climate November 2015 report noted that in order for 2015 to not become the warmest year in the 136-year period of record, the December global temperature would have to be at least 0.81°C (1.46°F) below the 20th century average—or 0.24°C (0.43°F) colder than the current record low

63

Coalition vows to tackle urban heat island

By Leith van Onselen Back in January last year, Helen Brown, Lecturer in Health, Safety and Environment at Curtin University, published an article in The Conversation arguing that the lack of trees in new housing developments is significantly increasing the use of air conditioners and energy use: Air conditioners across the country are running on

9

IEA condemns coal

Via Macquarie:  The International Energy Agency (IEA), often referred to by coal producers due to its bullish outlook, today released their Medium-Term Coal Market Report to 2020. They have cut their total global 2020 demand for coal by 500Mtce to 5.8bn Mtce and slashed their 5 year growth in Chinese coal demand from 2.6%pa

21

Global coal lobby chief says he’s a “slave trader”

From Euractiv: The coal industry’s European lobbying association has said that the landmark deal to cap global warming at the UN Climate Change Conference (COP21) in Paris means the sector “will be hated and vilified, in the same way that slave traders were once hated and vilified”. Brian Ricketts, Secretary-General of the European Association for Coal and

46

The future of Aussie coal after Paris

Cross-posted from The Conversation: The ink is barely dry on the Paris climate agreement and the debate has already started on how the deal will affect the future of fossil fuels, particularly coal. Following the deal on Sunday, the mining industry has responded that Australian coal will remain an important provider of affordable energy to

31

Carbon pricing returns Downunder

From the AFR come the loon pond on Paris: Liberal MP Craig Kelly has dismissed the agreement as a “farce” while West Australian MP Dennis Jensen, instrumental in the February attempt at a leadership spill, said any change to more ambitious climate policy would break a promise. …Speculation that Australia would allow the use of international emissions reduction credits to

23

Westpac embraces climate change action

From the AFR: Westpac Bank will find it hard to justify lending to new fossil fuel projects after it commits on Friday to running its business to support an economy that limits global warming to below 2 degrees. The new pledge will take Westpac well beyond the “support” offered by the three other big Australian

32

Have we finally reached peak emissions?

Cross-posted from The Conversation: Despite robust global economic growth over the past two years, worldwide carbon emissions from fossil fuels grew very little in 2014, and might even fall this year. A report released today by the Global Carbon Project has found that fossil fuel emissions of carbon dioxide grew by only 0.6% in 2014,

48

Lomborg: Your new climate correspondent

The loon pond has struck back today with PM Turnbull capitulating to his foaming internal opposition, from BS: Prime Minister Malcolm Turnbull won’t sign an international agreement to phase out fossil fuel subsidies amid concerns it could jeopardise Australia’s diesel fuel rebates. Mr Turnbull has opted out of signing the key fossil fuel subsidy reform

51

COP21 comes, ready or not

The Paris Climate Change Conference, COP21, is underway. Martin Wolf has a nice backgrounder: Couldn’t have out that better myself. Meanwhile, Dumb and Dumber are thrashing it out at home, from The Australian: Malcolm Turnbull will hold open the prospect of increasing Aus­tralia’s carbon target as he joins other world leaders at today’s clim­ate change

16

Coal power plants going CHEAP!

From Fairfax: Brisbane-based energy consultant Trevor St Baker and coal baron Brain Flannery paid the princely sum of $1 million to the NSW government for the Vales Point power station. …The low price for the plant on the shores of Lake Macquarie – the backdrop for the film clip of the Midnight Oil hit “US Forces” – is sobering for

33

Britain goes ex-coal

From Reuters: Britain aims to close its coal-fired power plants by 2025 under newly unveiled plans, becoming the first major economy to put a date on shutting coal plants to curb carbon emissions. Instead, the country will look to nuclear and natural gas-fired power plants to complement intermittent renewable energy, Secretary of State for Energy

16

IEA set to crush coal forecasts

From the AFR: In a move no doubt to be seized on by the anti-coal lobby, the closely-watched International Energy Agency looks to be preparing to revise down its forecast for coal demand growth. …The unexpected slowdown in Chinese coal demand that was particularly evident in 2014 is a factor, but the IEA’s director for energy markets

133

It’s been Australia’s hottest October ever

Cross-posted from The Conversation: This has been Australia’s hottest October on record. Barring an (extremely unlikely) cold snap, it will also be the hottest October for Victoria, and for Melbourne. And the record-breaking temperatures are at least six times more likely thanks to human-induced global warming. But hold up, you say, October isn’t over yet!

61

PM Turnbull needs a carbon price

Continuing today’s energy theme, from the AFR comes PMT in response to the 61 coal-concerned latte sippers: “Coal is a very important part, a very large part, the largest single part of the global energy mix and likely to remain that way for a very long time…Having said that, the pace of technological development in the renewable space has been extraordinary. The pace of improvement