Carbon Economy


How Australia destroyed its own energy market

From Renegade Economist comes the fantastic Bruce Robertson (IEEFA) on how Australia destroyed its own energy markets: We discuss policies to reduce gas prices as per international best practice. In light of further consolidation in the industry, we discuss how gas sets the baseline price for energy production in the nation. How much could energy


Migrants to the bush to fix climate change

Check out this triple somersault with four and half twists from Cities Minister Alan Drudge: Moving migrants into the regions and smaller cities would help fight climate change because congestion in Australia’s largest urban centres will fall, according to Population and Cities Minister Alan Tudge. Mr Tudge appeared on a panel at the University of


Australia’s bowel-shakingly awful energy scab grab

The scab grab in Aussie energy today is quite simply a bloody disgrace. The AFR leads off the farce: The nation’s energy companies and biggest electricity users have given up on politics and begun backroom talks about a self-regulated package of measures to reduce greenhouse gas emissions, restore energy reliability and improve investor stability. They


Can WA gas save the east coast?

More warnings today from industry, via The Australian: The Australian Industry Group, which represents 60,000 manufacturing and industrial businesses, said the expected rise of gas prices on the east coast this summer back to near crisis levels threatens to dent the economy and reflects the government’s failure to sanction sound energy policies. Ai Group chief


Sack Sims to fix gas

There is a point at which recalcitrance becomes retardation and the ACCC has well and truly passed it on gas, via the AFR this morning: Competition czar Rod Sims singles out the two key culprits: overbuilding of LNG export capacity in Gladstone, and restrictions on onshore gas in NSW and Victoria that killed off new


The amusing life cycle of a Victorian gas molecule

The Australian energy crisis is the circus that just keeps on giving, via The Age: “It’s an inevitability that Australia will import gas, there needs to be at least one gas import terminal in Australia, if not potentially two,” Macquarie Bank analyst Andrew Hodge told Fairfax Media. …However, he said the terminals were unlikely to


BCA: Decarbonisation to “wreck” economy (species extinction to save it?)

The Business Council of Australia is up to its old tricks, at The Guardian: The Business Council of Australia will find itself the target of a negative advertising campaign for declaring that an emissions reduction target of 45% would wreck the Australian economy. With Labor planning to go to the federal election with an emissions


NEG architect warns on coal power

Via The Australian comes Kerry Schott, ESB chairwoman and NEG architect: “The fact of the matter is the existing coal plants we’ve got — some are low cost and very competitive,” Dr Schott said. “But the problem is that when you go to build a new coal plant and get new coal contracts — unless


Evans-Pritchard develops Trump derangement syndrome

Via an increasingly hysterical Ambrose Evans-Pritchard today: If Donald Trump and his close advisers think China’s economy is tottering on the brink and acutely vulnerable to pressure, they are sorely misinformed. …Construction is picking up after a slowdown earlier this year. Industrial profit margins are at a seven-year high of 7 per cent, despite a


Labor humiliates Morrison energy “chaos”

Via The Australian comes Queensland Energy Minister Anthony Lynham: “We stand ready to work with a federal Labor government on integrated climate and energy policy that will give investors certainty and drive down electricity prices,” he said. …Dr Lynham claimed there was “nothing but chaos and confusion” emerging from the Morrison government on energy policy


How to fix Australia’s endless energy crisis with a pen

After years of energy war from the Coalition that has included: backing emissions trading; trashing emissions trading; backing renewable energy targets; trashing renewable energy targets; backing direct action; trashing direct action; backing the Chief Scientist; trashing the Chief Scientist; backing a National Energy Guarantee; trashing a National Energy Guarantee. Today we get the new vision from


Every single day the gas cartel reaches into your wallet

Via The Australian: In documents submitted to the Victorian government this week, AGL said it wanted the Crib Point import terminal, 65km southeast of Melbourne on the Mornington Peninsula, operating in the first half of 2020. “Victoria, and the other states – South Australia, New South Wales and Tasmania – that rely heavily on gas


Gas cartel agrees to pump but at what price?

Or so says The Australian: Energy producers on Australia’s east coast may escape the threat of government intervention after signalling the extension of a deal to offer uncontracted gas for domestic use before export, and agreeing to make gas available at peak demand periods for the power grid. Following meetings in Canberra yesterday, gas players


VIC Labor embraces household battery revolution

Via The Age: Victorian homeowners will be paid nearly $5000 towards the cost of household solar batteries by a re-elected Andrews government in the latest move aimed at making the state Australia’s leader in domestic-scale renewable energy. The latest promise of subsidies for small-scale renewable energy will see households who already have solar panels able


Gas cartel a clear and present danger to every government

The AFR is upset about the death of the NEG: Labor will take the National Energy Guarantee or something similar to the next federal election as business and industry clamoured for certainty and new data showed power prices had jumped since the NEG was scrapped. It is understandable that markets would bid up electricity futures


Liveras maintains gas rage

Via Gottiboff comes Andrew Liveras: Liveris accepts as a given that Australia wants to reduce its emissions and to honour its gas exports contracts. If it doesn’t honour those contracts it will do great long-term harm to the nation. …Liveris plan starts with the requirement that New South Wales needs to exploit its gas and


Global LNG export contracts are broken all of the time

From The Australian comes AGL: Australia’s largest power generator, AGL Energy, has warned Victoria faces gas shortages in the early 2020s as supplies from Queensland dry up, with the problem to be made worse should Labor introduce a price trigger to limit export volumes and free up domestic supplies. …“As we move into the 2020s,


Gas directly responsible for power price spikes

Here it is from the ACCC: Importantly, the ACCC isolated gas prices as a very particular influencer of power bills. “Another major factor in wholesale prices has been the significant shortages in competitively priced gas at a time when gas-powered generation would often be the logical source of replacement for lost coal-fired capacity. Gas prices


Should Australia have nuclear power?

Random dudes think so, at The Australian: Electricity bills will soar and gas and coal-fired power stations will close if the share of wind and solar generation increases dramat­ically, engineers have warned after analysing the nation’s ­energy supply. The analysis casts doubt on Labor’s claim that a 50 per cent renewable energy target — the