Category Archives: Energy

Australia live news update: Wong condemns ‘reckless’ North Korea missile launches; Nine overturns order to hand over drafts

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NSW Appeals Court throws out order requiring Nine Entertainment to hand over draft material; foreign affairs minister labels North Korean ballistic launches ‘reckless and destabilising behaviour’; stripping dual nationals of citizenship unlawful, high court rules; National Disability Insurance Agency chief resigns; Victoria records 25 Covid deaths, Queensland 15, NSW records 10 deaths, WA records eight, ACT records one. Follow all the day’s news

China’s warning to Australia

China has warned Australia to stop “provocations” or face “serious consequences” after the federal government said a Chinese jet plane was intercepted, the AFP and Guardian staff report.

The Australian military plane seriously threatened China’s sovereignty and security and the measures taken by the Chinese military were professional, safe, reasonable and legal.

We can trace Australia’s celebrated connection to the space industry back to the 1950s and as a nation we have to build on that legacy.

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Let Africa exploit its natural gas reserves, says Mary Robinson

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Ex-UN climate envoy says continent’s need for energy is so great it should be able to widely use the fossil fuel

African countries should be able to exploit their vast natural gas reserves despite the urgent need to cut global greenhouse gas emissions, the former UN climate envoy Mary Robinson has said.

Robinson, the chair of the Elders group of former world statespeople and business leaders, said African countries’ need for energy was so great that they should use gas widely, in contrast to developed countries that must halt their gas use as quickly as possible to stave off climate breakdown.

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PM says prospect of Chinese naval base in Cambodia ‘concerning’ – as it happened

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Prime minister responds to reports of Chinese naval base in Cambodia; nation records 29 Covid deaths. This blog is now closed

There’s no magic fix for inflation, Jason Clare says

Education minister Jason Clare appeared on the Today show this morning alongside Scott Emerson.

Inflation is through the roof. Wages are through the floor. We have got interest rates knocking at the door. The Reserve Bank ... have made it clear there will be a number of interest rate rises, which makes it harder for people with big rate rises already. Especially for people who are ahead in their mortgage, but if you have just signed up and the bank says you have to pay more, it will make it harder and harder.

There is no simple magic fix to this.

The market expects them to increase interest rates because we have an inflation problem in the economy and rising interest rates were something that the Reserve Bank governor flagged before the election and that is the trajectory we are on, but just because these interest rate rises are expected, it won’t make them any less difficult for a lot of people who are already confronting cost-of- living pressures.

That is the unfortunate reality. There is no point mincing words about that. Our job is the government is to make sure that after some of this near-term cost-of-living relief runs out that it is replaced by responsible long-term sustainable cost-of-living relief in areas like medicines and childcare, getting power bills down over time and getting real wages moving again.

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Energy companies urged to find more gas for Australia as Labor mulls supply ‘trigger’ to ease price surge

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Resources minister signals ‘very positive’ talks with gas corporations and suggested managing coal supply could relieve market pressures

New minister Madeleine King has asked resource companies to find more gas to direct into Australian markets as she considers pulling the so-called gas “trigger”.

However, the resources minister has also claimed more coal supply was key to combating a brewing energy crisis.

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The Coalition didn’t do much on nuclear energy while in office. Why are they talking about it now?

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There is a long history of nuclear energy being used as a delaying tactic for acting on climate change in Australia

Last week, the Nationals’ new leader, David Littleproud, said it was time for Australia to have a “mature” conversation about nuclear energy while his predecessor, Barnaby Joyce, called for a national moratorium to be lifted and argued nuclear power would be “really important” if the country was serious about reaching net zero emissions.

On Sunday, the nuclear power advocate Ted O’Brien was appointed as the Coalition’s climate change and energy spokesperson. In an interview with ABC Radio National, the opposition leader, Peter Dutton, said he was “not afraid to have a discussion on nuclear” as the country should not be afraid to “talk about any technology that’s going to have the ability to reduce emissions and electricity prices”.

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Chris Bowen says Labor ‘actively managing’ energy crisis as Dutton criticises response

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Bowen blames decade of inaction on renewables and limitations on gas trigger for preventing a swifter fix

Chris Bowen has rejected Coalition claims Labor is not doing enough to fix the energy crisis, labelling its input “as effective as advice from the captain of the Titanic on navigation skills”.

The climate change and energy minister told Sky News on Sunday the new government was “actively managing” the crisis but a decade of inaction on renewables and limitations on the gas trigger was preventing swifter fixes.

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Albanese honours Queen amid jubilee celebrations; up to seven monkeypox cases detected; 59 Covid deaths reported – as it happened

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Prime minister renames island in Lake Burley Griffin to honour monarch’s 70 years of service to Australia. This blog is now closed

Brisbane’s new Greens MPs set their sights on the suburbs

Brisbane’s new Greens MPs talk about the moments they “flipped” voters – the driveway conversions of climate unbelievers or hostile folks who had only ever supported the major parties.

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‘Out of control’ gas prices likely to filter down to Australian consumers, food processor says

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Industry advocates push for eastern states to establish gas reserves as soaring energy costs put pressure on companies

One of Australia’s largest regional food processors says energy costs are “out of control”, with already elevated gas prices tripling since the company signed new contracts in early 2022.

Consumers will inevitably cop higher prices on their products with other costs also on the rise, including a jump of as much as 40% for raw materials such as tomatoes, carrots and apples in the past year, Jason Fritsch, the chief executive of Kagome, said.

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Unions back minimum wage submission – as it happened

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Labor government recommends minimum wage be increased in line with inflation; Anthony Albanese says stopping new gas projects ‘doesn’t reflect the needs’ of economy; new monkeypox cases reported in NSW and Victoria; nation records at least 50 Covid deaths. This blog is now closed

‘Pick up the phone and call your energy retailer’

The CEO of the Australian Energy Council, Sarah McNamara, appeared on ABC News Breakfast this morning to discuss the perfect storm the market is currently facing.

It is not a systemic market failure under way but there is a coincidence of factors occurring in the market, putting pressure on the wholesale price and that will put pressure on retail bills as well.

Most consumers won’t experience the kind of wholesale market price spikes we are seeing at the moment. That is because their retailers have hedging contracts to ensure their supply costs are smoothed out over time. However, because there is general upward pressure on prices, people are going to experience higher bills over the coming year.

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Environment minister seeks ‘urgent briefing’ over scrapped recovery plans – as it happened

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Tanya Plibersek seeks ‘urgent briefing’ over Coalition scrapping of recovery plans; NSW man diagnosed with monkeypox; nation records 57 Covid deaths. Follow all the day’s news

Treasurer questioned on staff shortages in hospitality

Amid his media blitz, treasurer Jim Chalmers appeared on Sunrise this morning discussing energy woes.

What are we going to do to alleviate those staff issues and how long is it going to take for that to happen?

Obviously there is a role for cheaper childcare so that if people want to work more and earn more we can tap [into] that really big workforce of parents that find it too hard because they get priced out of work by the childcare system. And we are up for ... conversation with business about migration settings to make sure that they are appropriate so that they are not a substitute for doing those other things at home.

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South Australia turns to diesel generators as gas shortage and price spike hits

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Calls for faster transition away from ‘volatile’ fossil fuel supply as SA burns large amounts of gas and diesel

Australia’s east coast gas shortage has forced South Australia to turn to diesel generators in order to meet demand, prompting calls for a faster transition away from “volatile” fossil fuels towards renewable energy and storage.

According to the energy mix tracker published by the Australian Energy Market Operator (Aemo), South Australia’s energy mix around 9am Thursday morning was made up of 61% gas and 11% diesel, with wind and solar providing the rest.

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‘World of pain’: warnings of gas shortages amid soaring power prices add to Australia’s energy woes

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Aemo has identified a possible shortfall of gas supplies on Thursday in Victoria, SA and Tasmania amid ongoing burst of cold weather

Australia’s energy woes are mounting with the market operator warning of potential gas supply shortages on Thursday, one of the largest generators issuing a profit warning and more retailers turning away customers as wholesale power prices soar.

Just hours after new treasurer, Jim Chalmers, warned of “this perfect storm of energy price spikes … doing enormous damage to our employers, to our households, and to our national economy,” spot power prices were soaring towards $1,000 per megawatt hour in most of the east coast grid after an alert – now cancelled – that Victoria was facing evening reserve shortages.

More concerning, though, was a separate warning by the Australian Energy Market Operator (Aemo) that it had identified a possible shortfall of gas supplies in Victoria, South Australia and Tasmania on Thursday amid an ongoing burst of cold weather.

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PM says ministry has more women than any other in history – as it happened

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Guide Dogs Victoria CEO Karen Hayes resigns; at least 56 Covid deaths recorded. This blog is now closed

Quotas ‘might be’ something for Liberals to consider, Sussan Ley says

Deputy leader of the Liberal party Sussan Ley followed David Littleproud.

It doesn’t need to be legislated, however those policy discussions will happen through our party room and our shadow cabinet ... Demonstrating you’re serious about climate change doesn’t just include a conversation about targets.

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Hinkley Point B owner says it will not extend life of nuclear plant

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EDF Energy tells staff reactors will be shut down in summer despite concerns of blackouts later this year

The owner of one of the UK’s six nuclear power plants has said it will not extend its life beyond a planned shutdown in summer, despite officials raising concerns over the danger of blackouts in the months that follow.

The French-owned EDF Energy sent a memo to staff on Monday in which it said it would not postpone the closure of the two reactors at Hinkley Point B in Somerset, which are scheduled to be shut down on 8 July and 1 August.

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Focus on battery storage could be a cost-effective energy goal for Albanese government, report says

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With electricity bills soaring, a national Renewable Electricity Storage Target may be one way of achieving lower emissions – and lower prices

The Albanese government should redirect some of the $20bn earmarked for its Rewiring the Nation plan to support a storage goal that would turbocharge the take-up of batteries and other methods to store power, according to a Victoria Energy Policy Centre report.

The paper, released on Tuesday by the independent group, said the market alone was unlikely to achieve either the bipartisan-supported net zero emissions goal by 2050 nor Labor’s pledge to lift Australia’s current 2030 emissions reduction goal by almost two-thirds. The former would require a 20-fold increase from existing storage levels.

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G7 countries to stop funding fossil fuel development overseas

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Ministers from world’s biggest economies reach agreement that could shift estimated $33bn a year to clean energy sources

The world’s biggest economies are to stop funding any overseas fossil fuel development from the end of this year, in a move likely to choke off some of the investment in “carbon bombs” that are imperilling efforts to meet the world’s climate targets.

The agreement could shift about $33bn (£26bn) a year from fossil fuels to clean energy sources, according to analysts’ estimates.

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AGL’s coal implosion shows what a disorderly transition to clean energy looks like

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What happens from here is unclear, but the company’s turmoil can’t be divorced from the Coalition’s policy failures

The spectacular implosion at AGL Energy, Australia’s biggest corporate greenhouse gas polluter, has been years in the making and should have ramifications across Australia’s political and business classes.

The short story is that this is what a disorderly transition to a clean economy looks like – the kind that we have long been warned will happen if governments don’t plan for the future.

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‘Highly implausible’ that new Galilee Basin coalmines would be profitable, study finds

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Report says Adani’s Carmichael mine in central Queensland seems ‘rather a political decision, not an economically driven one’

Any new coalmines in Australia’s Galilee Basin, including Adani’s Carmichael mine, will not be economically viable in the long run under even the most generous assumptions about the future of the fossil fuel, according to an analysis by German academics.

The study, developed in conjunction with Australian experts, found it was “highly implausible” that mines in the central Queensland basin could run profitably and there was a high chance they would end up as stranded assets.

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Security warnings at UK nuclear facilities hit 12-year high as inspections fall

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Exclusive: Fears over regulator’s ability to cope with planned expansion in nuclear energy

The number of formal reports documenting security issues at the UK’s civil nuclear facilities has hit its highest level in at least 12 years amid a decline in inspections, the Guardian can reveal.

Experts said the news raised concerns about the regulator’s capacity to cope with planned expansion in the sector.

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Penny Wong tells Pacific nations ‘we have heard you’ as Australia and China battle for influence

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Foreign minister uses speech in Fiji to declare ‘this is a different Australian government’ that will act responsibly on climate change

The new foreign affairs minister, Penny Wong, has promised to treat Pacific island countries with respect, telling an audience in Fiji that Australia is “a partner that doesn’t come with strings attached” and won’t “impose unsustainable financial burdens”.

Wong promised to respect Pacific priorities and institutions as she set out an implicit contrast with China, which is pursuing a sweeping regional economic and security deal with Pacific nations that would dramatically expand Beijing’s influence and reach into those countries.

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