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).
The International Energy Agency projects that solar could be cheaper than coal, but it hinges on clear, stable policy. Meanwhile, Australian investors representing $1 trillion in funds have warned Prime Minister Abbott he's about to trash precisely that.
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.
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.