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).
An Oxford and London School of Economics study analysing actual trade data finds that changes in energy prices have little effect on global trade competitiveness. It suggests a carbon price of $100 would reduce EU exports by less than 1%.
The Clean Energy Regulator's target of 11.71% for 2015 represents an additional 808MW of solar PV for the year, down slightly on 2014. The regulator has also released non-binding marks for 2016 and 2017.
The government has now publicly confirmed a large-scale RET offer above the 30,000GWh range, with Greg Hunt saying he's optimistic of a deal with Labor soon that goes 'significantly further' than 20%. However, Ian Macfarlane is striking a very different tone.
Tony Abbott and George Brandis have apparently lost confidence in the political impartiality of the Human Rights Commission ... a year after appointing to it an ideological soulmate with an advanced degree in carbon price sabotage.
As the LGC spot price grows and a compromise looms on the RET, might a few developers and financiers decide it's worth the risk to dive in and build some projects, even without a long term power purchase contract?
The week in clean energy saw the investment bank trump its peers with 10-year spending goal while interconnection capacity doubled between France and Spain, a major step in the EU's cross-border power goal.
Europe's world-leading carbon market - which faces a milestone vote tonight - is having a two-pronged effect on emissions reduction, with much of its revenue being reinvested in clean energy. It's a trend that's being repeated elsewhere.
It seems evident that the market is taking the view that the position of the two major political parties on the large-scale Renewable Energy Target is getting closer, and that prospects for a resolution are improving.
Tony Abbott was out again hoping repeated exaggeration would overwhelm economic reality. It's funny until you realise it acts to endorse the big power retailers' suggestions they won't comply with their obligations under a Labor deal on the RET.
A compromise deal on the Renewable Energy Target is nearing - with a Coalition MP now ratcheting up the pressure. A wide range of targets are on the table, but the sector looks ready to meet any scenario.