Major international news stories in recent days have centred around energy challenges in Europe and China. Europe and China are on opposite sides of the world and get their energy from (mostly) different sources. Europe’s problems are driven by gas while China’s are driven by coal. Global oil benchmarks reached a three year high this
It’s clear the Morrison Government intends to commit to a net zero emissions target by 2050 in time for the Glasgow climate summit in early November. There is no sudden epiphany, this is pure politics, both national and global. The groundwork for the Coalition’s climate pivot has been under development for weeks now. Coalition backbenchers
Greenhouse emissions are a stock, not a flow. Which means every tonne of carbon dioxide not emitted into the atmosphere, regardless of how this is achieved, delivers against the objective of abating emissions. The popular debate around climate has been reduced to an overly simplistic narrative around good versus evil. Renewables are good, coal is
HumeLink is the latest in the series of major transmission projects to come out of AEMO’s Integrated System Plan (ISP). It is shaping up to be a set of transmission lines linking Bannaby, Maragle and Wagga Wagga in southern NSW. Its key role is to allow the transfer of energy from Snowy 2.0 to NSW
The carbon price in Europe is soaring, currently approaching AUD$100 a tonne. That’s while the European economy is forging out of its COVID-19 recession with the EU’s economy predicted to grow by around 4.8 per cent in 2021 and more of the same in 2022. Pricing emissions doesn’t appear to be holding the European economy
Like any big package of reform proposals, the Energy Security Board (ESB’s) post 2025 market design (P2025) recommendations is trying to be many things to many people. One of the most important things is that it is trying to rescue the NEM from collapsing into individual state-based systems, each with their own rules and schemes.