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).
One of the main objectives of the Abbott Government's energy green paper – increasing coal use, via Asia, over coming decades – is diametrically opposed to the policies needed to limit warming below 2 degrees.
Despite a short-term shock for local manufacturers reliant on gas, it's in their own long-term interests as well as the national interest, that resources be developed without domestic reservation quotas.
Six of the nation's leading consumer and community groups - including the Brotherhood of St Laurence and ACOSS - have written an open letter calling on the government to consider the consumer benefit in retaining the RET.
It started with the carbon price billion dollar handout, then it moved onto trying to slice the RET. Now we have the Energy Green Paper entertaining the idea of assisting the exit of a power generator. Why are government officials so keen to intervene to help coal generators out of commercial difficulties?
Ian Macfarlane's energy green paper scores a 'C' for electricity and an 'A-minus' for gas. But in an industry where predictability is critical to investment decisions, its silence on climate is unacceptable.