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:
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.
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.
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:
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%).