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.”
PM Scott Morrison took a special bus tour up the Queensland Coast, except he flew in a plane because the bus was too slow, and the rest of the time he wanted to talk with Queenslanders, who weren’t to be found in the bus. Then he drank lots of XXXX beer and chomped on pies to show he’s a regular, fair dinkum guy bloke. Junkee has more, lots more:
That was the headline in the dead tree version of the AFR. Bill Ferris is the outgoing Science and Innovation Australia chair. He says he didn’t find the Coalition government’s rewriting of the ACCC report to support coal-fired power a helpful signal, but:
what I am seeing – and you see it in the US as well – is that business and state governments are getting on with alternative energy sources, mainly renewables and storage,” said Mr Ferris, a veteran venture capitalist.
The last Climate clippingswas on July 2. Time to get back on the bike. Unfortunately this edition is not full of good news, apart from the prospect of eating the carcasses and droppings of bacteria feeding on hydrogen (see # 5). Next time I’ll try to catch up with some climate action.