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).
A Melbourne City Council official has informed Climate Spectator that while Melbourne City Council has teamed-up with several other councils to procure renewable energy the amount they will seek will not ever approach 1200 megawatts in spite of this being the goal of the council for its own municipality.
An article published yesterday about councils aiming to procure 1200 megawatts of renewable energy is incorrect. A Melbourne City Council official has clarified that this is just a goal of their council, but they don't intend to achieve it. So why have such a target in the first place?
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.
The latest CEDEX index for power sector shows black coal continuing its recovery since the carbon price was repealed and renewables went into a review-induced investment freeze. In addition Queensland's power demand is spiking upwards while other states' demand remain flat.
The assumptions underpinning the International Energy Agency's projections of the growth of renewable energy and the countries' follow-through on emission reductions have been criticised as unrealistically pessimistic and out-of-date. Even so they still see a radical shift in the world's energy market.
Following on from a look at what happens to your power consumption when you switch off the gas central heater, I’ll now look at what type of battery and solar system might get me through winter without the grid connection.
The SA Government has joined with several other state government authorities in launching a plan to procure a big chunk of low carbon power. Meanwhile the private sector power retailers are yet to commit to one single project since the RET was re-legislated.
The International Energy Agency released its latest World Energy Outlook on Monday,stating they 'see clear signs that the energy transition is underway.' The problem is, the numbers they use in the report don’t really match up with this stated optimism, repeating a historical pattern of error.
If you believe some in the media we are apparently at imminent risk of suffering serious blackouts as a result of proliferating solar panels and wind farms. But is that what the energy market operator actually said?
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'.