The Weatherill and Koutsantonis strategy is to embrace new technologies, cheap wind and solar and storage, smart software and smarter management, and put into practice the sort of scenarios envisaged by the CSIRO, Energy Networks Australia and more recently by the storage review commissioned by chief scientist Alan Finkel.
The Australia Institute has looked at the penetration of renewables required in the electricity market to meet our Paris commitments, and come to the conclusion that we need from 66 to 75% renewables by 2030, rather than the weak 26-28% currently being assumed in relation to the Finkel review.
The basic issue is simple. If we don’t maximise the reductions in the electricity sector, we’ll have trouble meeting our overall Paris commitment, full stop. It will require a large and expensive effort in other areas such as agriculture. Completely decarbonising electricity was always the low hanging fruit. We appear to be ignoring this strategy completely, and the new report does not help all that much. Continue reading Are we serious about our Paris commitments?→
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.
The report predicts that half of the world’s identified tipping points – such as the collapse of polar ice sheets and the drying out of the Amazon rainforest – would be crossed under 2C warming, compared with 20% of them at 1.5℃.
Trump has announced that the US will withdraw from the Paris climate agreement and seek to negotiate a ‘better’ agreement. I liked Emmanuel Macron’s reaction – “Lets make the planet great again”. Germany, France and Italy have committed to carry on, China will relish the opportunity to move into the vacuum.
Paul Hawken, who knows more about climate change action than most (post coming up) recently said:
First of all, let’s be honest: The US has never led in this area. Ever. When they’ve tried on an executive level, they’ve never been supported by Congress. States have led, cities have led, but never the federal government.