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.
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The latest CEDEX index for power sector shows black coal continuing its recovery since the carbon price was repealed and renewables went into a review-induced investment freeze.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energy and the countries' follow-through on emission reductions have been criticised as unrealistically pessimistic and out-of-date.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.
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.
Parts of South Australia lost power supply last night due to the loss of grid connection with Victoria. Is this a sign of things to come from a grid increasingly dominated by unreliable wind and solar power?
The latest CEDEX electricity report now incorporates data on solar generation, which alongside hydro manages a rise in generation as coal stalled. This brought a halt to what had been a steady rise in emissions since the carbon price was axed.
The renewable energy certificate market is booming, yet retailers aren’t much interested in bringing on new supply. Origin’s credit problems provide a new insight into why, but it can’t explain AGL’s contradictory climate stance.
It appears Greg Hunt now has responsibility for the Clean Energy Finance Corporation and the Australian Renewable Energy Agency. It likely signals that Turnbull will quietly dump attempts to abolish the agencies and the Government’s ideological crusade against renewable energy.