Carbon Economy


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


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,


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


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


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


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


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


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


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


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


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


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


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


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


Hypocrite Greens defend wind farm NIMBYs

The rank hypocrisy of The Greens has mushroomed, with current party leader, Richard DiNatale, defending former leader Bob Brown’s opposition to the proposed Robbins Island wind farm in Tasmania: Dr Brown told The Australian this week the wind farm was comparable to the Franklin Dam, and yesterday condemned the company behind the proposal, UPC Renewables, as


Bob Brown turns wind farm NIMBY

Former Greens leader Bob Brown is campaigning against the proposed Robbins Island wind farm in Tasmania. The $1.6 billion project will be one of the world’s biggest wind farms if it goes ahead, and a new undersea cable would be built to take the electricity it produces to the Australian mainland. Brown claims that the


Baoshang: End game for China’s debt monster

Nice podcast here from Grants discussing the significance of the recent Baoshang Bank default in China with Carl E. Walter, a former bank executive, coauthor of Red Capitalism: “(Baoshang) is scaring everybody because they’re not the only one. They’re the one that couldn’t hold it together in the end, but… I’ve been trying… to figure out


LNG boom to destroy Earth

Via Global energy Monitor: Through a massive increase in portside infrastructure, floating offshore terminals, and oceangoing LNG vessels, the natural gas industry is seeking to restructure itself from a collection of regional markets into a wider and more integrated global system. If successful, this transformation would lock in much higher levels of natural gas production


Australian carbon emissions keep growing

Via the ABC: Australia’s greenhouse gas emissions have reached record highs in many sectors, continuing an upward trend that began in 2013, according to official Government figures released on Thursday. The Federal Government’s Quarterly Update of the National Greenhouse Gas Inventory for the three months to December 2018 shows emissions increased by 0.8 per cent


Hyenas rip at the carcass of Australian energy

The Australian energy carcass is being torn apart by hyenas today. Leading off are the dying manufacturers: Australia’s big energy users will hold urgent talks with the federal government requesting emergency gas market measures to ensure heavy industry can stay afloat amid opposition from top producers to government intervention in the sector. The country’s largest


The Guardian triggers largest mass extinction since Mesozoic

Is it an asteroid? Is it a plague? No, it’s The Guardian Australia: Australia’s major political parties are facing calls to explain what role they will play in securing a global deal to save nature after a major scientific report warned a million species across the world face extinction. The assessment by an international scientific panel


The Economist: Australia facing “severe water shortage” as population explodes

By Leith van Onselen The Economist ran an interesting article on how overpopulation and climate change are straining the world’s water supplies, with Australia likely to experience a “severe water shortage” by mid-century: Last year Cape Town in South Africa averted only narrowly the unwanted prize for being the first of the world’s big cities