The last day of parliament for the year ended with newish PM Scott Morrison effectively conceding that he could not control the House of Representatives. He shut it down because the Senate was going to send him the Phelps bill on setting some rules which would see doctors’ assessments of health matters being taken seriously in relation to medical evacuations from Nauru and Manus Island.
1. Unsubsidised wind and solar now cheapest form of bulk energy
That is the case in all major economies except Japan, according to BNEF. From RenewEconomy:
The latest report says the biggest news comes in the two fastest growing energy markets, China and India, where it notes that “not so long ago coal was king”. Not any more.
“In India, best-in-class solar and wind plants are now half the cost of new coal plants,” the report says, and this is despite the recent imposition of import tariffs on solar cells and modules. Continue reading Climate clippings 228→
As it limps towards the end of 2018, the Morrison government is gradually establishing its own grand narrative – one of staggering ineptitude as it lurches from one self-inflicted crisis to another. On decisions from Jerusalem to Foodbank, there is no overarching purpose here, there is no direction or strategy, there are only missteps and backdowns, seemingly born of the blinkered pursuit of base political advantage, which never materialises. For a PM schooled in marketing, these are textbook fails. For the federal Opposition, the coup against Malcolm Turnbull has proved the gift that keeps on giving.
Today we read, in a Fairfax Media report that has not been denied, that former trade minister Steve Ciobo has privately advised the Indonesian trade minister that there is only a 5 per cent chance that Australia will relocate its embassy in Israel to Jerusalem. It is hard to see how the prime minister could have made more of a mess of this: Australia will have managed to offend everybody concerned, to no end.
Big investors have slammed the Morrison government’s “big stick” approach to the electricity sector, saying any move to force companies to cut prices will have a major impact on profits, future investment and result in less competition in the long term. Continue reading Big investors slam ‘big stick’ approach→
“The more the government do things, the more private investors hold back. The more private investors hold back, the more there is a need for government to do things,” he told The Australian Financial Review.
“You get in a position where, looking out several years, the market as we know it disintegrates. When that happens you need very, very deep pockets to fill the gap.”