Category Archives: Energy

‘Makes Covid look like a tea party’: Australian food prices could rise for the next year, farmers warn

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Iran conflict could see shortages not just in fuel, but fertiliser and fossil fuel resins – used to make milk bottles

Farmers say Australian consumers could pay more for everyday staples for the next year at least as a result of the US-Israel war on Iran.

But the CEO of dairy farmer cooperative Norco, Michael Hampson, says a six- to 12-month disruption to food supply is likely a best-case scenario, depending on the strait of Hormuz reopening soon and global petrochemical supply chains beginning to stabilise.

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Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

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President’s declaration allows officials to tackle fuel hoarding or profiteering, while energy secretary says country will lean more heavily on coal

The Philippines president, Ferdinand Marcos, has declared a state of “national energy emergency” as a result of the Middle East war, which his administration said posed “an imminent danger of a critically low energy supply”.

The state of emergency, which will initially last for a year, was declared just hours after the country’s energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.

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Philippines declares ‘national energy emergency’ and boosts coal power as Iran war grinds on

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President’s declaration allows officials to tackle fuel hoarding or profiteering, while energy secretary says country will lean more heavily on coal

The Philippines president, Ferdinand Marcos, has declared a state of “national energy emergency” as a result of the Middle East war, which his administration said posed “an imminent danger of a critically low energy supply”.

The state of emergency, which will initially last for a year, was declared just hours after the country’s energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.

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Gas giants warn against windfall gains tax as Pocock says ‘wartime profits’ should go to struggling Australians

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Government faces political fight as industry says mooted 25% levy on exports would hurt Australia’s economy and energy security

Gas giants will lobby against any federal government moves to introduce a 25% export levy on windfall profits, as crossbenchers pressure the prime minister to redirect billions of dollars in “wartime profits” to Australians struggling amid the global energy crisis.

It comes after the prime minister’s department asked Treasury to model the effects of placing a flat 25% tax on gas exports, the ABC reported on Friday, along with any further changes to the petroleum resource rent tax (PRRT) and corporate income tax.

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Is this the world’s first quantum battery? Australian scientists say so

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Researchers say their prototype is a big step towards fully functioning batteries with rapid charging times

Australian scientists have developed what they say is the world’s first proof-of-concept quantum battery.

Quantum batteries, first proposed as a theoretical concept in 2013, use the principles of quantum mechanics to store energy, and have the potential to be more efficient than conventional batteries.

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How Pakistan’s people-led solar boom is easing impact of Middle East energy crisis

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Falling costs and government incentives make solar an attractive option for many, reducing need for gas

After prices of liquefied natural gas surged to record highs after Russia’s full-scale invasion of Ukraine in 2022, millions of people in Pakistan were repeatedly left without electricity. An intense heatwave and gas shortages amid record-breaking prices resulted in power cuts across the country.

But people soon started to realise there was an alternative. The falling costs of solar panels and generous government incentives to feed excess power back to the grid made rooftop solar an attractive option.

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Everything is a political weapon since Trump’s re-election, says Germany’s ex-economy minister

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Robert Habeck says world has moved on from weaponising energy to using tariffs, technology and more to inflict harm

The weaponisation of energy when Russia invaded Ukraine has given way to “weaponising everything” since Donald Trump returned to the White House, Germany’s former economy minister has said.

Robert Habeck, the Green politician responsible for keeping the lights on during the last energy crisis, said the belief gas “would never be a political weapon” led successive German governments blindly into Putin’s trap by building the Nord Stream pipelines and selling strategic reserves to Gazprom, which Russia emptied before the invasion.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

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Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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European drivers face €220 a year jump in fuel costs due to Iran conflict, say experts

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Exclusive: Oil at $100 a barrel means higher prices in the EU and UK, making savings for those with electric vehicles even greater, analysts say

European drivers face paying an extra €220 (£190) a year at the pumps because of the surge in oil prices caused by the war in Iran, analysts have warned. In the UK, a separate estimate puts the cost at an extra £140.

A sustained oil price of $100 a barrel, the level seen on Monday, would mean motorists in the EU paying €55bn more over a year, researchers at the Transport & Environment (T&E) thinktank estimated. That is the equivalent of an average of €220 for each driver, with higher-mileage drivers facing even bigger hikes. The assessment was made by comparing data from 2022, when Russia’s invasion of Ukraine pushed the oil price to the $100 mark, with data from 2017-2019.

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US energy chief says spike in gas prices will fall ‘before too long’ amid Iran war

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Chris Wright says price increase would last weeks, not months, and that US would not target Iran’s energy industry

Chris Wright, the US Department of Energy secretary, said on Sunday that the spike in energy prices would last weeks, at the worst, not months, and that the US would not target Iran’s energy industry.

His comments come amid rising anxiety that Iran’s response to the US-Israel strikes, which caused a reduction in shipping through the strait of Hormuz and production slowdowns in some oil and gas producing states in the Middle East, may cause broad economic turbulence and higher inflation.

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Half-truths and no truths: Trump’s latest claims on the UK factchecked

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From the Chagos Islands to ‘windmills’ and sharia law, the US president’s comments do not bear much scrutiny

Donald Trump has been opining about the UK again, saying on Tuesday that Keir Starmer was “not Winston Churchill” and repeating his complaint about the deal to hand sovereignty of the Chagos Islands to Mauritius. Here are some recent things the US president has said about British issues, and how they compare with reality.

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Germany accused of ditching climate targets as it scraps renewables mandate

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Coalition government agrees to remove parts of controversial law and allow homes to rely on fossil fuels

Germany’s coalition government has been accused of abandoning its climate targets after agreeing to scrap parts of a contentious heating law mandating the use of renewables in favour of a draft law allowing homeowners to rely on fossil fuels.

While the previous law required most newly installed heating systems to use at least 65% renewable energy, often with a heat pump, the amended legislation will allow households to keep using oil and gas.

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Australia could miss clean energy target as solar and wind investment slumps, investors warn

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Expert cautions large pipeline of potential projects will not deliver required energy capacity unless companies make final investments

Renewable energy investors have warned “deep structural issues” are driving a slump in solar and wind investment in Australia, with commitments on large-scale farms at the lowest level in almost a decade.

Clean Energy Regulator data shows the government agency expects 2.5GW of industry-scale renewable energy capacity to reach a final investment decision this year, down from 4GW last year. The 12-month average for investment commitments on new developments is at its lowest since early 2017.

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UK energy bill payers will hand £2bn a year to EDF for new power stations

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French government-owned company to receive funding for Hinkley Point C and Sizewell C

UK energy bill payers will hand over £2bn a year in subsidies to EDF, the French company building two new nuclear power stations, according to government figures.

EDF, owned by the French government, will be entitled to £1bn in annual payments as soon as Hinkley Point C, in Somerset, comes on to the grid in 2030.

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John Kerry urges Australia to take ‘hard-nosed’ approach with world’s biggest fossil fuel-producing countries at Cop31

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Exclusive: Former US secretary of state calls for more demanding steps from Australia as it takes over presidency of next year’s UN climate summit

Australia’s government, which will preside over the next UN climate summit, should gather the world’s 25 biggest greenhouse gas emitting countries and push them to draw up a roadmap to end the era of fossil fuels, former US secretary of state John Kerry has said.

Only by “hard-nosed” confrontation with fossil fuel producers, and reducing their consumption in major economies, would the world be able to tackle the climate crisis, he said.

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John Kerry urges Australia to take ‘hard-nosed’ approach with world’s biggest fossil fuel-producing countries at Cop31

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Exclusive: Former US secretary of state calls for more demanding steps from Australia as it takes over presidency of next year’s UN climate summit

Australia’s government, which will preside over the next UN climate summit, should gather the world’s 25 biggest greenhouse gas emitting countries and push them to draw up a roadmap to end the era of fossil fuels, former US secretary of state John Kerry has said.

Only by “hard-nosed” confrontation with fossil fuel producers, and reducing their consumption in major economies, would the world be able to tackle the climate crisis, he said.

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‘Gobsmacking’ solar farm that could power AI datacentres ‘possibly unparalleled’ in Australia or world

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SunCable says massive energy project proposed in NT could position Australia as global leader but critics are concerned about scale

Energy company SunCable says a massive solar farm it has proposed building in the Northern Territory could power an AI datacentre precinct in the region to position Australia as a global leader in “green industrial development”.

The development would be Australia’s largest solar farm and would generate up to 20GW of electricity, or 10 times the output of a large coal-fired station. It would add to the company’s plans to build a 12,000ha solar farm at Powell Creek Station, south of Elliott, as part of its proposed Australia-Asia Power Link project.

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South Korean decision to close all coal-fired power plants by 2040 sounds alarm for Australian exports

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Decision announced at Cop30 climate conference signposts risks for Australia’s reliance on fossil fuel exports, analysts say

The Australian government has been urged to prepare for a shift away from thermal coal exports and accelerate green industries after one of its main international customers signed up to close all coal-fired power plants by 2040.

South Korea, Australia’s third-biggest market for coal burned to generate electricity, announced at the Cop30 climate conference in Brazil that it was joining the “powering past coal alliance”, a group of about 60 nations and 120 sub-national governments, businesses and organisations committed to phasing out the fossil fuel.

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Climate-sceptic IPA refuses to reveal funders in fiery Senate inquiry

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Australia’s richest person, Gina Rinehart has previously donated to Institute of Public Affairs but thinktank won’t say if she remains a donor

A thinktank known for its rejection of the climate crisis and a conservation group that has opposed renewable energy projects refused to identify their funders during a fiery Senate inquiry into climate and energy misinformation on Wednesday.

Chair of the committee, Greens senator Peter Whish-Wilson, asked Rainforest Reserves Australia’s vice-president, Steven Nowakowski, who had funded nine full-page newspaper advertisements promoting an open letter attacking a shift to renewable energy and promoting nuclear.

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Supply boom in cheaper renewables will seal end of fossil fuel era, says IEA

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Watchdog’s flagship report says rise in low-carbon electricity will make transition ‘inevitable’, despite Trump’s calls to carry on drilling

Renewables will grow faster than any major energy source in the next decade, according to the world’s energy watchdog, making the transition away from fossil fuels “inevitable”, despite a green backlash in the US and parts of Europe.

The world is expected to build more renewable energy projects in the next five years than has been rolled out over the last 40, according to the flagship annual report from the International Energy Agency (IEA).

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