Category Archives: Energy

EU plans ‘massive’ increase in green energy to help end reliance on Russia

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European Commission says extra €210bn needed over next five years to pay for phasing out of Russian fossil fuels

The EU plans a “massive” increase in solar and wind power, and a short-term boost for coal, to end its reliance on Russian oil and gas as fast as possible.

In a plan outlined on Wednesday, the European Commission said the EU needed to find an extra €210bn (£178bn) over the next five years to pay for phasing out Russian fossil fuels and speeding up the switch to green energy.

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Industry call for Australia to ‘unlock wealth’ of new oil and gas fields at odds with IEA warning

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Increasing supply is ‘absolutely part of the solution’ to decarbonising the economy, Appea chair tells conference

Fossil fuel representatives have joined the Morrison government in rejecting scientific warnings that no new oil and gas fields should be opened if the world is to deal with the climate crisis, with a national conference hearing Australia should be “smart enough” to back continued expansion.

Increased gas and oil supply was “absolutely part of the solution” to decarbonising the economy, the annual conference of gas industry group the Australian Petroleum Production and Exploration Association (Appea) was told.

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Living costs in outer suburbs would be slashed under plan to ‘electrify everything’, analysis finds

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Fitting every home with solar panels and batteries and replacing gas devices and petrol cars could save households more than $5,000 a year

A plan to “electrify everything” with rooftop solar, batteries and electric vehicles would save households across the country more than $5,000 a year and particularly benefit those living in outer Melbourne suburbs, according to a new analysis.

Electrification would involve fitting every home with solar panels and batteries and replacing gas devices – cooktops, hot water and heating systems – and petrol cars with electric models.

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John Kerry warns a long Ukraine war would threaten climate efforts

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Exclusive: US presidential envoy says limiting global heating to 1.5C could be made harder by conflict

The longer the war in Ukraine carries on, the worse the consequences will be for the climate, the US presidential envoy John Kerry has warned.

Many countries are struggling with an energy crisis while also urgently needing to cut greenhouse gas emissions to limit global heating to 1.5C, he said.

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AGL reveals demerger would cost $260m as Mike Cannon-Brookes tries to block plan

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Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

The planned split of AGL Energy that billionaire Mike Cannon-Brookes is trying to foil will cost $260m upfront and $35m in extra costs per year for the demerged entities, documents from the energy giant show.

In separate releases to the ASX on Friday afternoon, AGL laid out its details of the demerger ahead of a 15 June vote by shareholders. As the biggest shareholder following his purchase of a 11.3% holding, Cannon-Brookes can block the move with the support of another 13.7% of share owners.

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Keeping coal-fired power plants running is a ‘dangerous game’ for Queensland Labor, expert says

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Political scientist says state’s decision to rule out closing power stations shows major parties are ‘wedged’ on climate change

Queensland’s Labor government is playing “a dangerous game” with coal that could hurt the party’s chances in inner-city Brisbane in the federal election, according a political expert.

On Wednesday, the state energy minister, Mick de Brenni, ruled out closing any of Queensland’s eight coal-fired power plants, despite plans to achieve net zero emissions by 2050.

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How the oil and gas industry is trying to hold US public schools hostage

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Fossil fuel interest groups are telling New Mexicans: let us keep drilling or the state’s education system will collapse

The oil and gas industry wants to play a word-and-picture association game with you. Think of four images: a brightly-colored backpack stuffed with pencils, a smiling teacher with a tablet tucked under her arm, a pair of glasses resting on a stack of pastel notebooks, and a gleaming school bus welcoming a young student aboard.

“What do all of these have in common?” an April 6 Facebook post by the New Mexico Oil and Gas Association (NMOGA), asked. “They are powered by oil and natural gas!”

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Election 2022 live updates: RBA chief warns interest rates could hit 2.5% as Labor seizes on ‘cost of living crisis’

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Scott Morrison defends economic ‘shield’ after RBA lifts cash rate target from historic low; Philip Lowe says more interest rate rises to come; Jim Chalmers says central bank decision ‘a very serious development’; nation records 41 Covid deaths. Follow the latest updates live

Scott Morrison doesn’t get sick of the “silly” photo ops [silly photo opportunities being how the question was framed], he tells Melbourne radio’s Neil Mitchell, because he “doesn’t see them that way”.

He then gives a hero-gram to tradies.

I don’t fit in those ways, what I see is [being] out and about and doing what Australians do every day.

... What I enjoy doing is standing there with an apprentice who shows me what they’re learning, and then I’d have a go at it.

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Mike Cannon-Brookes buys up AGL shares in bid to block energy giant’s demerger

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AGL says it’s determined to go ahead with the merger despite the purchase, which has made Cannon-Brookes the company’s largest single shareholder

AGL Energy, Australia’s biggest electricity generator, says it remains determined to pursue its plan to split despite a bid for a blocking stake by technology billionaire Mike Cannon-Brookes.

In a second tilt at the company in three months, Cannon-Brookes bought 11.28% of the AGL shares through his family’s Grok Ventures firm, making him the largest single shareholder.

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Hinkley Point B nuclear plant could be spared imminent closure

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Energy minister Kwasi Kwarteng believed to be open to extension in response to leap in gas prices and energy security concerns

Nuclear power advocates believe energy minister Kwasi Kwarteng is open to extending the life of the Hinkley Point B plant to help wean the UK off gas imports and prevent a faster-than-expected decline in Britain’s fleet of atomic reactors.

Soaring gas prices and the war in Ukraine have already spurred the government to ask coal power plant owners to stay open longer, while ministers also revisited their staunch opposition to fracking in the light of energy supply concerns.

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Australia’s wholesale power prices double in a year as coal-fired power plants falter

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The jolt in costs is being blamed mostly on more expensive fossil fuels and falling reliability of coal-fired power plants

Wholesale power prices in Australia’s main electricity market continued to rise in the first three months of 2022, more than doubling the cost a year earlier, with the increase blamed mostly on more costly fossil fuels and the falling reliability of coal-fired power plants.

Renewable energy, meanwhile, grew its share of the market to more than one-third, pushing carbon emissions from the largest polluting sector to new lows, according to the quarterly energy dynamics report from the Australian Energy Market Operator (Aemo).

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Payne says China military base in Solomons would be a ‘red line’ – as it happened

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Queensland senator Matt Canavan adds to uncertainty about Coalition climate commitments; foreign minister accuses Labor of ‘playing politics’ on national security after Penny Wong criticises Scott Morrison for ‘refusing to take responsibility in Pacific’; at least 50 Covid deaths as WA to ease mask mandate in some settings. This blog is now closed

Scott Morrison is in Townsville (north Queensland) today where he will be making announcements on energy.

Given what we just heard from Scott Morrison there, it’s worth your time having a listen to climate and environment editor Adam Morton on today’s Full Story podcast examining if the policy differences between the Coalition and Labor and ultimately asking: is either party preparing enough for the transformational change ahead?

Economic modelling should be used as a guide. Both sides of politics lean on it more as a forecast that will be fact ... I don’t think anybody can tell us exactly what our power bills will be in 2025, 2030, 2050 but no one disagrees that more solar and wind is good in terms of lowering prices because it is much, much cheaper to generate what’s in place.

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Replacing NSW coal plant with renewables would create thousands more jobs than gas, report says

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Solar and wind could bring ‘jobs boom’ to regions that have previously depended on coal, Australian Conservation Foundation says

Replacing Australia’s largest coal-fired power station with renewable energy would create tens of thousands more construction jobs than replacing it with gas, a new analysis has found.

The Eraring coal-fired power station in the Lake Macquarie region of New South Wales is scheduled to close in 2025.

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Could Anglesey’s tidal energy project drive a new energy revolution?

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Experts say Wales has huge potential for generating renewable marine power, yet, so far, ambitious schemes have been ignored

On the stunning and craggy coastline of Holy Island in north Wales, work has started on a construction project to generate energy from one of the world’s greatest untapped energy resources: tidal power.

The Morlais project, on the small island off the west of Anglesey has benefited from £31m in what is likely to be the last large grant for Wales from the European Union’s regional funding programme. It will install turbines at what will be one of the largest tidal stream energy sites in the world, covering 13 square miles of the seabed.

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Barnaby Joyce refuses to use term energy ‘transition’ because it ‘equals unemployment’

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Deputy prime minister made comments in coal community of Gladstone in Queensland as Scott Morrison makes $300m NT energy and jobs announcement

Deputy prime minister Barnaby Joyce believes a “transition” from coal to cleaner energy “equals unemployment” in the regions, declaring the Coalition would not use the term during the election.

The Nationals leader has also backed the government’s clean energy fund to support coal, and for other government infrastructure funds to finance the construction of coal-fired power stations, but not for the building of cleaner hydrogen plants.

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More than 90% of Australia’s fuel imported – leaving country vulnerable to shortages, report says

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Experts say not enough is being done to reduce petrol consumption and encourage uptake of electric vehicles

Almost all of Australia’s fuel supply is imported, leaving the country vulnerable to shortages, a thinktank has warned in a new report accusing the government of not doing enough to reduce and replace demand.

As the war in Ukraine puts the global fuel supply in sharp focus, the Australia Institute found that 91% of Australia’s fuel in the 2021 financial year was imported (including 68% imported as refined crude, as well as 71% of the fuel refined here).

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Australia’s coal export boom forecast to end abruptly amid big drop in demand from China

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Study finds Chinese consumption will fall within two to three years as Australian coalmining communities warned to reduce dependence on industry

Australia’s coal export boom will come to an abrupt end because of an “imminent and substantial” drop in purchases by China, and local coal mining communities should brace for the change, the lead author of a new study says.

The peer-reviewed paper, published on Thursday in the journal Joule, forecasts China’s thermal coal imports will contract at least a quarter from 2019 levels of 210m tonnes by 2025, mostly as improved transport links will give local suppliers an edge.

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Australian politics live: NSW and Victoria to ease Covid isolation rules; Morrison says Solomon Islands-China pact exposes ‘very real risk’

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Penny Wong says Morrison government’s handling of Solomon Islands the ‘worst Australian foreign policy blunder in the Pacific since the end of world war two’; NSW and Victoria to ease Covid restrictions from Friday night; undecided voters will put questions to the rivals at a Brisbane forum tonight in first leaders’ debate of 2022 election campaign; NSW reports 15 new Covid deaths and Victoria 14. Follow all the day’s news

For followers of South Australian politics, the good burghers of Bragg in Adelaide’s east are headed back to the polls, with Vickie Chapman announcing she will quit politics at the end of the month, triggering a by-election.

Chapman is a moderate Liberal and the new SA Liberal leader, David Speirs is ... not in the same faction.

Labor appears to have lost ground in the opening week of the federal election campaign according to the latest Guardian Essential poll, but a majority of respondents still think Anthony Albanese will be Australia’s next prime minister.

The latest survey of 1,020 respondents shows Labor’s standing in the two-party preferred “plus” measure is down three points in a fortnight, and there has been a two point increase in the number of undecided voters. But 55% of respondents believe Labor will win on 21 May.

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Biden launches $6bn effort to save America’s distressed nuclear plants

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Officials say nuclear energy remains vital as carbon-free source of power to help tackle the climate crisis

The Biden administration is launching a $6bn effort to rescue nuclear power plants at risk of closing, citing the need to continue nuclear energy as a carbon-free source of power that helps to combat climate change.

On Tuesday, a certification and bidding process opened for a civil nuclear credit program that is intended to bail out financially distressed owners or operators of nuclear power reactors, the US energy department told the Associated Press exclusively, shortly before the official announcement. It’s the largest federal investment in saving financially distressed nuclear reactors.

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Australian politics live: PM says Coalition ‘won’t be doing any deals’ with independents; green energy ‘first mover advantage’ lost, says Albanese

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Record number of Australians enrol to vote; Morrison says he won’t allow embattled Warringah candidate to be ‘silenced’; Australia losing green energy opportunities due to Coalition inaction, Albanese says; Shorten launches Labor’s NDIS policy; nation records 18 Covid deaths. Follow all the latest news

These two are debating each other on Sky News tonight

Former South Australian senator Nick Xenophon, who is making another tilt at the Senate, wants a royal commission into housing affordability in Australia.

With house prices rising in Adelaide, and around the country by almost a quarter in just a year, the issue of young Australians being able to afford to buy their own home is becoming more and more vexed, and there are policy failures all round at a local, state and federal government level.

Only a royal commission can tackle this issue head-on by looking at a range of solutions that will get us back on track to make the dream of home ownership attainable once again.”

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