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 International Energy Agency believes half of new power additions globally will be made up of wind and solar in the coming five years. But it provides a warning about investor confidence almost perfectly targeted at the Australian Government.
Coalition government MPs such as Barnaby Joyce are keen to cite that China's emissions will rise by 150% by 2030 in order to make their own 26-28% emission reduction target look more impressive. Yet it's not true.
The Paris pledges represent the first step of nations revealing to each other they want to address the climate change problem. The next test will be that they implement policies that show they are delivering on their promises.
Some assume mining and emission reduction regulations are in conflict, but analysis from BHP Billiton shows it's more complex and suggests relatively little impact on their earnings. But there's some weaknesses in their assumptions.
As the true extent of Volkswagen's emission test deception is uncovered, it turns out it plus several other diesel car manufacturers spent as much as €18.5 million lobbying the European Union last year.
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.
You've got to give the Minerals Council credit for persistence in the face of insurmountable facts against them with their decision to stick with their 'Coal is Amazing' PR campaign. Pity just one comment from the CEO and a single chart destroy their argument.
Environment Minister Greg Hunt says there is no change to the government's 'long-term' position on abolishing ARENA and the CEFC. The qualifier 'long term' reflects a charade Hunt is playing with his climate sceptic colleagues and the cross-bench senators.
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.
Greg Hunt's confirmation that the Government will embrace renewable energy will be music to the ears of investors who have spent the past 18 months cowering in fear over the Coalition's war on renewables.
The former prime minister's department wanted to pursue an investigation into the Bureau of Meteorology based on a media report that claimed it was falsifying data. The claims had been debunked long ago so why was he even bothering with this stuff, didn't he have a country to run?
A single chart from Goldman Sachs illustrates not even rapid growth in Indian coal demand can rescue the coal market from decline. So why is our new energy minister considering spending billions of dollars of taxpayers’ money on rail for new coal mines?