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).
$1 per watt solar systems are being advertised now for even small 1 kilowatt installations. The cost of electricity is so much lower than what power companies can offer that they are left with a stark choice: be eaten by others or do it yourself.
Desperate to see the Galilee coal mines go ahead, the Queensland Government has said it will 'invest' hundreds of millions to help pay for the Adani mega mine's infrastructure. It's likely it will never get that money back, and is more a 'gift' than an 'investment'.
The coal industry is getting really desperate in its response to the China-US climate deal - it's talking up clean coal. Meanwhile, it belittles solar - yet just two weeks of 2014 solar production will avoid more CO2 than all clean coal projects ever built.