Tag Archives: Taylor_Angus

Keeping the lights on

Last week began with a front page article in the AFR Victoria prone to blackouts this summer as grid wilts and ended with an AFR editorial How can Australia have third-world power blackouts?

The answer to that question is easy – we don’t have to avoid third-world blackouts because we don’t have them. The more important question is, why is Michael Stutchbury’s head in such a muddle? Stutchbury is editor in chief of the AFR and appeared on ABC Insiders this morning. Other panelists asked whether he had read “the report”. Continue reading Keeping the lights on

Cheap accounting tricks and sovereign risk: the Morrison government’s climate policy

After a summer of record heat and wildfires, the Australian people along with business and industry are looking for concrete, responsible climate policies.

    Business and consumer groups have accused Prime Minister Scott Morrison of “nakedly political pork barrelling” and “an egregious lack of process” over $3.5 billion in energy announcements.

Continue reading Cheap accounting tricks and sovereign risk: the Morrison government’s climate policy

Blackouts are not increasing, keep calm and carry on!

A myth has been vigorously stoked by Malcolm Turnbull and Josh Frydenberg that an irrational frolic with renewables has made the electricity grid unreliable, as demonstrated conclusively by the state blackout in South Australia in 2016. This is now being taken into actual policy by Angus Taylor and Scott Morrison with “big stick” penalties and government intervention to produce “fair dinkum 24/7” power.

This myth has now been thoroughly debunked by a Grattan Institute report Keep calm and carry on: Managing electricity reliability. Blaming renewables for reliability issues is “wrong and dangerous”. Continue reading Blackouts are not increasing, keep calm and carry on!

Angus Taylor is trying to steal the electricity system

When I logged on Tuesday there was an alert from John Davidson of a lead article at RenewEconomy Coalition energy plan “unworkable”, as Taylor charges into coal. It sent shivers up my spine.

There is PM Scott Morrison, shallow, ignorant and complacent, when first asked about climate change he admitted he’d never really thought about it.

There is Angus Taylor, bull-headed, supremely confident, and just plain wrong.

While Taylor’s “big stick” Treasury Laws Amendment (Prohibiting Energy Market Misconduct) Bill 2018 is the subject of Senate Standing Committee on Economics hearings (see submissions here) he is pressing on with establishing tenders for “24/7” reliable power in what appears to be a mad rush to lock in contracts before the expected “caretaker” period begins in mid April, ahead of the anticipated mid-May poll. Continue reading Angus Taylor is trying to steal the electricity system

Big investors slam ‘big stick’ approach

Today’s AFR carries an article Investors warn of consequences of cutting electricity retailer margins (the print version was “‘Crazy’ to target energy retail margins, warn big investors”):

    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

Climate clippings 227

1. Bill Ferris: Coalition can’t stop energy shift

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.

    “That ain’t going to stop and it won’t stop because a government is concerned about the electoral impact. Continue reading Climate clippings 227

Reconnecting climate change politics with reality

The Liberal party has changed leader, in part because of climate change, and are now proceeding with pretty much the final policy landed upon by Malcolm Turnbull, with a couple of significant twists. We now have a very explicit instruction that energy prices along with keeping the lights on are the main game, while emissions reductions can be safely put off to the never-never.

The Coalition government under Scott Morrison is now almost completely isolated on energy and climate change. Compared to adult countries we look completely foolish, The question remains whether the main actors, the states and the corporates investing in the system, can move forward regardless. Continue reading Reconnecting climate change politics with reality

Liberal Party shootout brings changing of the guard

Or does it?

The Betoota Advocate says:

    In breaking news out of the nation’s capital, a rich white dude from Sydney has replaced another rich white dude from Sydney as the Prime Minister.

And:

    in even more sensational news, a rich white woman has been replaced by a rich white man for the Deputy Prime Ministership, with Josh Frydenberg taking over from Julie Bishop.

Scott Morrison, the new rich dude, is selling himself as a generational change and it’s all about you, the voter. A 64 year-old and a 62 year-old have been replaced by a 50 year-old and a 47 year-old.

Certainly we dodged a bullet in what may have been Malcolm Turnbull’s finest hour in thwarting Peter Dutton’s rebellion. So where does that leave us, especially in relation to climate change? Continue reading Liberal Party shootout brings changing of the guard