Alan Kohler is one of Australia’s most experienced business commentators. Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report. Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website. Alan is the regular finance presenter on the ABC News and producer of the popular nightly graph (or two).
We know that brown coal generators are the biggest polluters but we've made little in-roads into reducing their emissions via a wide array of policy measures. Should taxpayers foot the bill to shut one of them down or should we just pick out Hazelwood and force it to shut? We propose a better market-based alternative.
As plans for Paris climate summit plough on in spite of attacks, Cambridge University study indicates some equity fund holdings could lose 45% of value due to spread of carbon pricing while global spending on emission abatement projects and green bonds surge.
Bidding in the second auction under the government's Emission Reduction Fund will close later today. Since the first auction the government has benefitted from a surge in project supply mainly from land use abatement with coal mine waste gas combustion also important. This competition will help keep prices down.
Large-scale renewable energy certificates or LGCs are close to passing the $70 mark with little sign of retailers signing onto agreements for new projects and concerns growing about a shortage in 2017. Meanwhile small-scale certificates are stuck at the price cap as the clearing house deficit exceeds 2 million certificates.
Apparently our climate change policy hasn't changed since Turnbull deposed Abbott as Prime Minister. So why are Abbott's dodgy carbon farms now the 'singularly most successful emission reduction measure of all time'. And why is Bob Brown's bank acting to 'successfully commercialise Australian renewable technologies'.
A series of secret deals have come to light in almost expired and near worthless carbon credits that reveal just how far the government has been intending to rely on money collected from the carbon price to reach its emission reduction targets. It makes a mockery of Hunt’s pre-election claims about the Direct Action policy.
Canada's Stephen Harper has lost the election. In conjunction with the dumping of Tony Abbott a few weeks ago, it represents a major step forward for climate negotiations, removing the two developed world leaders most intent on defending fossil fuels from action to reduce greenhouse gas emissions.
The Environment Minister is very confident that countries will pledge further emission cuts in climate negotiations following Paris. It prompts the question: won’t the Coalition have to lift the ambitions of its own climate policy and can a Coalition climate civil war be avoided?
India's government recognises that climate change will hit its people hard. It is willing to contribute towards addressing the problem but expects rich nations will help, asking for US$2.5 trillion to finance its clean energy transition.