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).
Fossil fuel divestment efforts so far may be equivalent to only a drop in the ocean, but the economic and political momentum they provide mean it's only a matter of time before they gain real traction.
The Clean Energy Council issued a statement yesterday telling Ian Macfarlane they're not interested in volunteering themselves to be sacrificed. It reflects a belief that while the government talks tough, they are in fact weak and vulnerable on the RET.
Why would the Big Three power companies pass up bargain basement prices of $30 for renewable energy certificates if the price was - as the Business Council of Australia is threatening - about to skyrocket to $93 unless the RET is slashed?
Ian Macfarlane is trying to switch the onus of RET negotiations to Labor, and the industry, to come to him. But given it is his government that wants to change the law, shouldn't he detail what needs to change and the problem it will solve, besides improving coal generators' profits?