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 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:
The initial stimulus for this post was an article in the AFR entitled We are at an energy crossroad (paper version) by Tony Wood of the Grattan Institute, based on a new report Powering through: how to restore confidence in the National Electricity Market and a series of articles mainly at RenewEconomy. I’ll summarise them Climate clippings style, so the story should emerge and you can follow the links for elaboration if you choose. Continue reading Energy crossroads→
The Four Corners program Power Failure added to the sense of crisis around our power system, beginning with the breathless comment that there was almost a breakdown of civil order in South Australia when the lights went out in September. The program looked at the difficulties experienced when the power went off for three days. Recently in some places affected by Cyclone Debbie, crews couldn’t get in to start fixing for about double that time. I’ll come back to Four Corners via a series of articles published on the same day.
First, in the AFR tucked away on page 8, Mark Ludlow penned an article Renewables, EIS ‘make gas-fired power redundant’ (paper edition title). Ludlow interviewed Professor Frank Jotzow, director of the Centre for Climate Economics and Policy at ANU, who said gas had been overtaken by renewable energy, including battery storage, in the transition away from coal-fired power. We should skip gas and go straight to renewables with batteries. Continue reading Power tipping point→
I’m reminded of my school days when our German teacher on the last day of term used to read us tales of Baron Münchhausen, who on one occasion jumped on his horse and rode off madly in all directions. There is so much going on, fully covered at RenewEconomy, so it is difficult to select the most significant. I’ll try a couple of themes, and include some AFR coverage, which is trying to keep business informed.
The Murdoch media continues to lay the blame on renewables, a notion specifically rejected by AEMO, leading to a Twitter battle between SA minister Tom Koutsantonis and The Australian’s Adelaide bureau chief, Michael Owen.
“Ten years of brutal, opportunistic politics has left this nation with no credible energy policy.”
The money quote from Jay Weatherill’s outburst was this:
“Josh Frydenberg was humiliated back in December. We were working with him to introduce an emissions intensity scheme. He knows that. It was well advanced. It was about to happen. Coal interests in the federal Coalition government basically cut him down before he even had a couple of hours explaining it.”
Just after we had heard about 100 MW batteries being installed in South Australia to keep the lights on, Malcolm Turnbull announced a giant ‘battery’ in the form of pumped hydro in an expansion of the Snowy hydro scheme.
“In one hour it could produce 20 times the 100MW per hour expected from the battery proposed by the South Australian government, but would deliver it constantly for almost a week, or 350,000 MWh over seven days.
Michelle Grattan reports that the media were dragged up to Talbingo in the Snowy Mountains for Thursday’s big Hydro announcement. But then his press conference couldn’t be beamed direct because there was no way of transmitting the signal.
Meanwhile the news cycle was taken up with the pictures of the extraordinary biffo between South Australian Premier Jay Weatherill and federal Energy Minister Josh Frydenberg when they appeared together in Adelaide.
It was all a metaphor for the shambolic national energy debate, in which the process is chaotic and politics trumps policy.