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).
EnergyAustralia seems to be saying one thing about the electricity market to the Warburton Review, and something different to NSW Planning. While its claims are of course comical, the NSW Government has fallen for them hook, line and sinker.
The Energy Green Paper has been released but you'd be forgiven for thinking it's a copy-paste job from the 2012 white paper ... or the 2004 white paper. Also we're going to be an 'energy superpower', so best not worry about climate change.
Yet another report has come out explaining how technology, not hippie communes, can allow us to address climate change. It builds on countless earlier reports that embrace the importance of energy rather than 'kumbaya'.
Climate Action Tracker's latest has the world on track for 3.7-degree warming by 2100, removing coal-power by 2050 only puts it at 3.2 degrees, while replacing coal with gas is set to have minimal benefit.
The government would do well to listen to the advice given by Ken Henry recently because its vision of Australia as an 'affordable energy superpower' fails to realise that, even were this true, it ain't worth much.
Data on manufacturing output since the US shale gas boom began suggests being an affordable energy superpower isn't what some would have you believe, with Germany's manufacturers doing better than the US.