Rod Sims’ speech Shining a light: Australia’s gas and electricity affordability problem to the National Press Club certainly established that Australia has a gas and electricity affordability problem which is hurting many consumers and businesses. Electricity prices have more than doubled since 2009 as shown in this graph:
1. Electric shock
The big story in Australian politics this week was the shocking state of the political debate on electricity. Giles Parkinson says, when you thought it couldn’t get any dumber, it did.
‘People will die due to renewables’, said Turnbull government MP Craig Kelly.
Commentators who don’t understand the grid should butt out of the battery debate, said Ketan Joshi, a communications consultant for the renewable energy industry. Continue reading Saturday salon 15/7
Two of the best articles on the Finkel Review are at Inside Story – Giles Parkinson’s On climate, the consumer’s vote will be more important than the party room’s and Tim Colebatch’s The devils in Finkel’s detail.
Parkinson highlights the difference between promise and performance. Back in December, when the interim report came out, Finkel’s future looked exciting: Continue reading Finkel fail at Inside Story
Coal India, the largest coal mining company in the world, has announced it will close 37 mines because they are no longer economically viable. That’s around 9 per cent of the state-run firm’s mines.
- The government has announced it will not build any more coal plants after 2022 and predicts renewables will generate 57 per cent of its power by 2027 – a pledge far outstripping its commitment in the Paris climate change agreement.
Turnbull and Frydenberg kept telling us that the review of the national Electricity Market had to serve three ends. We need energy security to keep the lights on, we need cheaper prices, and we need to reduce emissions. In view of the science outlook on climate change, reducing emissions is a sine qua non, literally ‘without which nothing’ – in short an indispensable element.
Michael Slezak at The Guardian says that Australia’s policies on climate change have become poisoned by pragmatism. Bill Hare from Climate Analytics took a look and was horrified. The cuts modelled by Finkel stick out like a burning coal stack:
In this post I meant to show how the science has been showing for years now that we need rapid and concerted decarbonisation for a safe climate, and any hope of keeping global warming to 1.5˚C, in order to frame a consideration of the Finkel review. However, Abbott’s climate denialism is dramatically on full show and now George Christensen has thrown a grenade into the ring by saying he won’t vote in favour of Finkel’s Clean Energy Target. He says that most other Nationals won’t vote for it either. Indeed:
- He said that, rather than legislating a clean energy target, the government would be better off building high-efficiency coal-fired power stations to replace the ageing coal fleet. Christensen contended that approach would reduce carbon pollution.
Indeed Finkel’s review, which was carefully crafted to meet the full range of views in the LNP including climate deniers, looks dead in the water. Continue reading Scientists say go, Finkel says slow, Christensen says no
The Finkel review of the National Electricity Market is due to be revealed to the premiers at COAG tomorrow, but is you’ve been reading the Australian Financial Review it’s all done and dusted. There’s really only one horse in the race, and it’s the Low Emissions Target (LET), which Tony Wood of the Grattan Institute says is the third last horse in the race, but picked because it’s better than the other two. That may be harsh, but the visionary scheme was first proposed by John Howard in 2007. Here’s Howard and Costello launching the scheme way back then:
It’s the least-worst, least-best carbon pricing scheme, but has the attraction of giving coal a chance of sticking around for a while. Continue reading Looking forward to Finkel