Category Archives: Energy

UK could unlock £70bn a year in renewable energy, report claims

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Plausible for UK to become global clean energy superpower if investment is ramped up

The UK could unlock £70bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe, according to a former government economist.

A new report has found that by increasing Britain’s clean electricity generation 50% above its current projections for 2050 it could become a clean energy superpower capable of exporting £17bn of green electricity to Europe a year.

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New US rules could stem emissions from coal and gas power plants

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Environmental groups laud the regulation, which would advance clean power in the US – if it survives expected legal challenges

The US is set to impose new carbon pollution standards upon its coal- and gas-fired power plants, in a move that the Biden administration has hailed as a major step in confronting the climate crisis.

Under new rules put forward by the Environmental Protection Agency (EPA), new and existing power plants will have to meet a range of new standards to cut their emissions of planet-heating gases. This, the EPA predicts, will spur facilities to switch to cleaner energy such as wind and solar, install rarely used carbon capture technology or shut down entirely.

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Saudi oil group Aramco to pay more to state despite profits drop

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World’s largest energy company’s first-quarter profits fall by 19% to $32bn after dip in oil prices

The Saudi government looks likely to reap greater revenues from the state-backed oil group Saudi Aramco despite the company posting a near-20% fall in quarterly profits.

The world’s largest oil and gas company said on Tuesday its profits had fallen by 19% in its first quarter compared with a year earlier, to nearly $32bn (£25bn), caused by a drop in oil prices.

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Filipino activists appeal to British banks over region devastated by oil spill

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Environmentalists from the Philippines urge investors to avoid LNG projects which they say threaten the Verde Island Passage

Campaigners from the Philippines have urged British banks not to fund the expansion of fossil fuel use in their country. It follows a huge oil spill that threatened a globally important marine biodiversity hotspot.

Filipino environmentalists have travelled to the UK to meet representatives from Barclays, Standard Chartered and HSBC as part of efforts to stop the expansion of liquefied natural gas (LNG) power plants and terminals in and around the Verde Island Passage, a global marine biodiversity hotspot known for its whale sharks, corals, turtles and rich fisheries, which was badly affected by the oil spill this year.

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Labor warns NSW facing a ‘momentous task’ in transition to renewables

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Energy minister Penny Sharpe says state will need to decarbonise its electricity sector at a faster rate

New South Wales faces a “momentous task” to decarbonise its electricity sector and will need to accelerate the state’s transition to renewables, the new energy minister, Penny Sharpe, has said.

The electricity infrastructure roadmap, inherited from the previous Coalition government, aims to drive 12 gigawatts of new renewable generation and 2GW of long-duration storage into the grid by 2030. The plan’s first tender secured 1.4GW of new capacity at record low minimum prices, the government said earlier this week.

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Australia warned of ‘over-mining’ risk in race to secure minerals needed for clean energy

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Research says mining boom to support renewable energy risks ‘significant social and environmental damage’

In the high-stakes quest to break China’s grip over minerals crucial to clean energy technology, Australia risks over-mining while ignoring alternatives such as improved battery recycling, according to a new report.

The release of the Jubilee Australia research, which questions mineral demand assumptions and warns against causing unnecessary environmental harm, comes as the federal government prepares a strategy to address China’s dominance of minerals seen as critical to a nation.

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Queensland looks to turbo-charge electric car sales amid debate over government incentives

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Some argue that state-by-state incentives for buyers would be better spent on electric vehicle infrastructure

In the race to adopt electric cars, one Australian state or territory is several laps in front of the rest.

The Australian Capital Territory has become the nation’s clear frontrunner, consistently recording electric vehicle sales more than twice as high as any other part of the country.

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As Liddell bites the dust, can NSW supply enough power for a looming El Niño summer peak?

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As coal-fired plants continuing their demise, the largest source of new power every year for the past five has been rooftop solar

AGL Energy’s Liddell coal-fired power station in New South Wales closed on Friday, Australia’s first big power plant closure since Hazelwood’s demise in Victoria in 2017.

Liddell had been operating at less than half its original 2,000-megawatt capacity for some time. Still, its exit sharpens the focus on the challenges facing not only NSW but also the rest of the national electricity market (Nem).

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Record levels of renewable energy help bring down Australia’s energy prices, says Aemo

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Energy dynamics report finds clean energy is displacing fossil fuels and sending carbon emissions from the sector to new lows

Australia’s record levels of renewable energy helped extend the slide in wholesale power prices in the first three months of 2023, displacing fossil fuels and sending carbon emissions from the sector to new lows for the first quarter.

The latest energy dynamics report by the Australian Energy Market Operator (Aemo) showed wholesale spot prices in the national electricity market (NEM) averaged $83/MWh, down more than a 10th from the December quarter and two-thirds lower than the record average $264/MWh in the June quarter last year.

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China ramps up coal power despite carbon neutral pledges

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Local governments approved more coal power in first three months of 2023 than all of 2021

Local governments in China approved more new coal power in the first three months of 2023 than in the whole of 2021, according to official documents.

The approvals, analysed by Greenpeace, reveal that between January and March this year, at least 20.45 gigawatts of coal power was approved, up from 8.63GW in the same period in 2022. In the whole of 2021, 18GW of coal was approved.

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Majority of Australians keen to switch from gas to electric to lower emissions, survey finds

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Poll also revealed 65% of drivers expect to be buying a hybrid or electric vehicle if they upgrade in the next 10 years

The majority of Australians feel positive about switching off the gas and turning to cleaner energy options, with environmental reasons one of the biggest drivers behind the shift, according to new research by the Australia Institute and research firm SEC Newgate.

In a poll about electrification, 55% felt positively about electrifying more homes, with 59% mentioning environmental reasons as a main driver of their opinion and 18% pointing to the potential for cheaper electricity bills.

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Labor promises to ‘grab this opportunity’ to become renewable energy superpower

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‘To see this at the heart of government planning is an overwhelming relief,’ Energy Council says, while investors warn of impact from US energy package

The Albanese government has promised to “grab this opportunity” to become a renewable energy superpower after holding a high-level roundtable with major banks, financiers and investment managers.

The Friday roundtable in Brisbane comes after the treasurer, Jim Chalmers, said on Monday that next month’s federal budget would see major investments in “cleaner and cheaper” energy.

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‘There’s a lot of posturing’: Europe’s nuclear divide grows as one plant opens and three close

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Europe’s first new plant in 16 years comes on stream in Finland day after Germany pulls plug on last reactors

When Europe’s first new nuclear reactor in 16 years came online in Finland, it was hailed by its operator as a “significant addition to clean domestic production” that would “play an important role in the green transition”.

The opening last Sunday of the long-delayed Olkiluoto 3 plant, Europe’s largest, means about 40% of Finland’s electricity demand will soon be met by nuclear power, which the government says will boost energy security and help it achieve its carbon neutrality targets.

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Advice on voice a ‘cynical political tactic’ to confuse voters, Coalition claims – as it happened

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Ed Husic says board appointments alone won’t guarantee RBA diversity

The ministry for industry, Ed Husic, says he believes new appointments to the RBA board alone isn’t enough to bring diversity to the central bank – he says there need to be “deeper structures” put in place.

As a government, I can give you this assurance. We do like to take into account people’s views from different vantage points. I do think it is important that where decisions have an impact – not just in terms of investors or industry but the people that work in them or the broader community – I think it’s a healthier decision …

Some people will fix on ‘well, someone should have a seat at the board’ for that to occur and I understand why they’ll make those arguments. I’m not necessarily convinced that that specifically guarantees that will occur, just having one person on the board. There need to be a lot deeper structures for people to have that sense that they’ve had a say and that they can have an ability to influence and inform decision making.

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Germany plans to ban installation of most oil and gas heating from 2024

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Bill due before Bundestag in June would encourage homeowners to switch to renewables

Germany plans to ban the installation of most oil and gas heating systems from next year, with proposals approved on Wednesday triggering angry divisions in the cabinet.

The radical plans are designed to transform Germany’s heating systems in an attempt to meet net zero emission targets that critics have called unworkable and discriminatory. About half of Germany’s 41m households currently use natural gas heating, and almost a quarter use heating oil.

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Emissions from WA gas project with world’s largest industrial carbon capture system rise by more than 50%

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Chevron development off Pilbara coast was approved on condition the company store about 4m tonnes of CO2 a year

Emissions from Chevron’s Gorgon gas development off Western Australia have increased by more than 50% despite it being home to the world’s largest industrial carbon capture and storage system.

There has been a sharp drop in the amount of CO2 stored underground at the liquefied natural gas plant over the last three years, data released by Chevron showed.

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Australia news live: Andrew Hastie fires back after Mark McGowan ‘cold war pills’ comment caught on camera

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Coalition’s defence spokesperson calls WA premier ‘a prison guard looking for work’. Follow live

Voice committee heads north to hear traditional owners

The prime minister, Anthony Albanese, has defended the wording of the proposed Indigenous voice to parliament, dismissing fears of possible high court challenges, AAP reports.

This is a legally sound proposition. It makes it very clear that parliament is in charge.

There’s no obligation and there’s certainly not an obligation on the government to agree to the voice. There is the provision for the voice to be heard, for at least the views to be put.

That will be up to the government as a whole. I don’t know.

The reality is that we know that people are doing it tough, absolutely doing it tough. And what we want to do is where it’s responsible that we can – and affordable – that we can support people doing it tough.

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EU faces legal action after including gas and nuclear in ‘green’ investments guide

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European Commission accused of acting unlawfully in two separate cases bought by environment groups

The European Commission is being sued by environmental campaigners over a decision to include gas and nuclear in an EU guide to “green” investments.

Two separate legal challenges are being lodged on Tuesday at the European Union’s general court in Luxembourg – one by Greenpeace and another by a coalition including Client Earth and WWF – after the classification of fuels in the so-called taxonomy, a guide for investors intended to channel billions into green technologies.

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Renewable energy growth must double to meet Australia’s emission goals, Clean Energy Council says

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More than 35% of Australia’s electricity last year was supplied by renewables, up from just under 17% in 2017

Australia’s renewable energy industry is growing at half the pace needed for the sector to meet the Albanese government’s emissions reduction goals, despite the sector having one of its best years, the Clean Energy Council said in its annual report.

Last year construction commenced on a record of more than 5,000MW of large-scale wind and solar farms. Work also started on 19 big batteries with 1,380MW/2,004MWh capacity, or almost half as large again as the previous record year in 2021, the council said.

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Germany’s last three nuclear power stations to shut this weekend

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Closures, delayed after Russia reduced Europe’s gas supplies, leave conundrum for energy policymakers

Germany’s three remaining nuclear power stations will shut down on Saturday, 12 years after the Fukushima disaster in Japan accelerated the country’s exit from atomic energy.

The closures mark the conclusion of a stop-start approach to atomic energy and a victory for the country’s vociferous anti-nuclear movement.

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