Today’s AFR carries an article Investors warn of consequences of cutting electricity retailer margins (the print version was “‘Crazy’ to target energy retail margins, warn big investors”):
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
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:
Scott Morrison put in a fine effort to stop the votes that would have retained Wentworth for the Liberals. And he succeeded. Now he seems intent on stopping the $200 billion worth of investment that will be needed to transform the electricity sector.
Craig Emerson in his weekly column for the AFR on Monday drew attention the Venezuelan comparison. On 22 November 2017 they passed a law:
Known as the Constitutional Law of Agreed Prices, the law authorizes regulatory authorities to reach agreements with industry representatives on maximum sale prices for key staples.
Continue reading Moving to a Venezuelan energy policy
Cartoonist Mark David shows how Scott Morrison applied his proven skills in the Wentworth by-election:
Many commentators including Laura Tingle, talking to Phillip Adams, said the numerous own goals from the Coalition prior to the election turned enough votes away from the Liberal candidate David Sharma and towards Kerryn Phelps for the latter to win. The latest count shows Phelps ahead 51/49 two party preferred, with Phelps coming from a first preference count of 29.1% as against Sharma of 43.2%. Continue reading Wentworth a tipping point?
There were three scams in the Government’s release of the latest quarterly update of the National Greenhouse Gas Inventory for March 2018.
The first, as reported by the ABC, FOI documents obtained by the Australian Conservation Foundation show that the Government sat on the report for seven weeks, then released it on 28 September, just before national football finals in the AFL and NRL, and amidst media preoccupation with the royal commission into banks.
That means the report was available to government from 10 August, fully two weeks before Malcolm Turnbull was turfed out on 24 August. Hence while political decisions were being made about the National Energy Guarantee, important information was being withheld.
Secondly, now the data is out, this is what the government wants us to concentrate on:
Continue reading National emissions inventory scam(s)
I believe that by the middle of next decade people denying significant human agency in causing climate change will constitute a crank fringe and will basically be ignored.
The Climate of the Nation 2018 report, now produced by The Australia Institute (pdf here), found that more Australians accept the reality of climate change than at almost any time since Climate of the Nation began in 2007.
Three quarters (76%, up from 71% 2017) of Australians accept that climate change is occurring, 11% do not think that climate change is occurring and 13% are unsure.
Acceptance of climate change closely follows voting intentions, but interestingly while One Nation (22%) and Nationals (15%) voters are the most likely to say they do not think that climate change is occurring, this declined significantly for both groups since 2017.
The effects of heat are the driving concern about the impact of climate change, and people were most concerned about more droughts and flooding affecting crop production and food supply (78%), destruction of the Great Barrier Reef (77%) and more bushfires (76%).
Continue reading Climate of the Nation 2018
He went on to say that they all knew we needed to head for zero emissions. They just wanted to know what the rules would be on the way.
That was from the AFR article Labor backs the NEG as political mess sends power prices up. The print edition carried it as a front page headline story:
Political power price hit
Continue reading Climate policy shambles, power prices up
Some time in the last few days I heard a person who should know better say that 1800 coal-fired power plants were being built around the world. One wonders where this (dis)information comes from. It went unchallenged by the ABC interviewer, showing once again that ABC journalists and presenters need an update on climate change – in the national interest.
As Adam Morton at The Guardian writes The world is going slow on coal, but misinformation is distorting the facts. Back in June, John “Wacka” Williams asked the Parliamentary Library how many coal plants there were, how many were being built, how many closed etc and could he have the information by 4pm?
The Library included the information that 621 units were being built, the point here being that power plants typically have multiple units. Hazelwood had eight.
Unfortunately, this information was wrong. Continue reading Coal power fading fast
The Liberal party has changed leader, in part because of climate change, and are now proceeding with pretty much the final policy landed upon by Malcolm Turnbull, with a couple of significant twists. We now have a very explicit instruction that energy prices along with keeping the lights on are the main game, while emissions reductions can be safely put off to the never-never.
The Coalition government under Scott Morrison is now almost completely isolated on energy and climate change. Compared to adult countries we look completely foolish, The question remains whether the main actors, the states and the corporates investing in the system, can move forward regardless. Continue reading Reconnecting climate change politics with reality
Or does it?
The Betoota Advocate says:
In breaking news out of the nation’s capital, a rich white dude from Sydney has replaced another rich white dude from Sydney as the Prime Minister.
in even more sensational news, a rich white woman has been replaced by a rich white man for the Deputy Prime Ministership, with Josh Frydenberg taking over from Julie Bishop.
Scott Morrison, the new rich dude, is selling himself as a generational change and it’s all about you, the voter. A 64 year-old and a 62 year-old have been replaced by a 50 year-old and a 47 year-old.
Certainly we dodged a bullet in what may have been Malcolm Turnbull’s finest hour in thwarting Peter Dutton’s rebellion. So where does that leave us, especially in relation to climate change? Continue reading Liberal Party shootout brings changing of the guard
Here are the last four feature articles from Giles Parkinson at RenewEconomy (as of last weekend):
It’s quite likely that politicians don’t read RenewEconomy. Here’s Ben Potter in the last Weekend AFR:
Continue reading The die is cast – Turnbull chooses political power over the future of the planet and humanity
Malcolm Turnbull specialises in scapegoating and threatening, while Josh Frydenberg sits there looking vacant, as well he might, until it’s his turn.
Danny Price in an article well worth reading, says Politicians have destroyed the trust needed to make the NEG work.
Kane Thornton CEO of the Clean Energy Council says NEG car is worth buying, even if tyres need pumping up, the flat tyre to him being the 26% emissions reduction target, which will be met by work under way before the NEG starts. If you want to use that analogy, the NEG is like a car without an engine, because it does no work.
David Leitch has two compelling articles – Energy (In)security Board and its modelling spreadsheet and Know your NEM: The ESB is becoming a laughing stock. If, however, you want to read just one article, read Simon Holmes à Court’s NEG promises death of wind and solar, and even battery storage. Continue reading NEG becomes a farce