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).
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.
The risk faced by carbon intensive assets and those that finance them has been highlighted by the Bank of England, yet we lack the necessary disclosure to thoroughly assess the extent of this risk and possible threats to financial stability from high carbon stranded assets.
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.
China's commitment to a national ETS provides an important leadership signal to others. However it won't be the biggest factor in China's climate change policy toolbox for some years, with other measures dominating.
China's commitment to a national ETS beginning in 2017 is the culmination of decisions made as early as 2010. But the country's capability in market trading is still immature. It may have been better to have an interim carbon tax scheme before moving to an ETS, as Australia did.
President Xi Jinping will announce today that the country will introduce a nationwide carbon emissions cap-and-trade scheme in 2017. But to be effective it will need to significantly improve on schemes already operating in several Chinese provinces.
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.
Leaders of AGL, BHP Biliton, GE Australia, Mirvac, Santos, Unilever, Wesfarmers and Westpac issue joint letter stating support for 2 degree goal and willingness to work for an effective domestic policy response to contain carbon emissions.
The new Prime Minister has done a deal with the Nationals not to introduce a carbon price or emissions trading scheme. Here’s five options and one question surrounding how he might still achieve action on climate change.
Make no mistake, the elevation of Turnbull to PM has already changed the climate-energy landscape. He says there will be no change to existing climate policy but that policy is ill-defined and open to interpretation.
The energy cartel are again claiming disaster is around the corner for renewable energy unless government provides an 'orderly exit' for other generators (i.e. a bribe). But the market for renewable certificates is doing precisely what's required, even showing immunity to nasty comments about wind farms.
Many right wing commentators, such as Tom Switzer, like to claim a shale gas boom was the cause of a decline in US emissions, while Naomi Klein from the left remains keen on regulation. So is shale gas a miracle cure that drives plummeting emissions without the need for government regulation or is reality more complex?
0% surge in Vic energy efficiency certificate prices
August was an extremely big month for participants in the Victorian Energy Efficiency Scheme with new 5 year targets announced and a surge in trading and certificate prices. Meanwhile NSW's scheme was more subdued but still rose nearly 10%.