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).
As more details about the renewables review leak out, it seems the Australian Industry Group's renewed called for electricity bipartisanship will fall flat. With everyone stuck in their positions, Australia is stumbling towards the worst of all systems.
The week in clean energy saw new research detail the scale of the divestment challenge, sub-Saharan Africa leapfrog Australia on the renewables front, and Aussie-founded Atlantis Resources move closer to a Scottish tidal monster.
The debate surrounding the RET has been hijacked by ideologues on both sides, which is of little help to consumers, who will end up bearing the consequences of a much less reliable national electricity market.
Amendments proposed by Nick Xenophon could see Direct Action within reach of Australia’s 2020 emissions target, Reputex says, but only with a significant 'baseline and penalty' component, which puts international permits back on the agenda.