BHP Billiton has thrown a significant spanner in the works of peak mining bodies lobbying on behalf of fossil fuels to the detriment of climate change. In the 26-page report BHP Industry Association Reviewdownloadable here the company has made three decisions:
First, BHP has reached a preliminary decision to quit the World Coal Association “in light of the identified difference and the narrower activities of benefit to BHP from membership. BHP will invite responses from the WCA before making a final determination as to future membership by 31 March 2018.”
Second, similarly it will make a final determination on membership of the United States Chamber of Commerce on or before 31 March 2018, having identified material differences.
The latest Morgan Stanley report is bullish about the growth of battery storage in the Australian market. They think we’ll have 6.6GWh of battery storage in Australia by 2020, which is what the Australian Energy Market Operator last week predicted for 2035. Continue reading Climate clippings 176→
These posts are intended to share information and ideas about climate change and hence act as a roundtable. Again, I do not want to spend time in comments rehashing whether human activity causes climate change.
This edition is mainly about politics and policy rather than the science.
1. Anti renewables tirade
As the forces of darkness are unleashed upon us under the rule of Tony Abbott, people attending the Eastern Australian Energy Outlook Conference were subjected to a “venomous rant” against the renewable energy target from Burchell Wilson, a senior economist at the Australian Chamber of Commerce and Industry.
The tragedy of this is that Wilson’s presentation may have been plain wrong, nasty, manipulative and ideological, but he’s not alone in Canberra….
As Wilson (rightly) pointed out, there is a vast reserve of anti-renewables passion in the rump of the National Party and the Liberal party backbench open to such rhetoric– which insiders say is being whipped up by new Liberal MP Angus Taylor.
Wilson expressed his hope that these views would overwhelm those of moderates such as Environment Minister Greg Hunt, and Energy Minister Ian Macfarlane. He hoped that the economic rationalists at the Productivity Commission would have carriage of the next RET review.
Australia’s RET is one of the few emission trading schemes in the world that is actually working. For years it has been steadily driving investment in utility scale renewables. Better still, because it is an offset credit trading scheme that does not generate government revenue it is achieving this with negligible changes in power costs. (The fossil power companies are actually complaining that it is pushing wholesale prices down!)
For this reason it is of some concern to see that the Minerals industry is pushing for the repeal of the RET.
We should all be campaigning for an increase in the RET target and against any attempt to eliminate or scale back the RET.