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 Victorian Government's renewable energy roadmap shows the state wants to embrace the jobs and clean energy solar can provide. But then shortly after releasing it the government slashed the price paid for solar power.
Treasurer Nahan says solar PV will, 'displace a lot of the existing capacity. It’s low-priced, it’s democratically determined and it’s something we’re committed to facilitating'. This is a guy who used to be the head of the right wing Institute of Public Affairs.
Wind turbine makers Vestas, Gamesa and Nordex have seen big rises in share prices on the back of healthy orders but offshore wind remains too expensive. Meanwhile Audi has unveiled a 500km range all electric SUV.
Government wants no less than 20 per cent of power from renewable energy by 2020, but it is extremely vague on what it will do, if anything, to achieve it. The cynic in me suggests their policy might be to just stare really crossly at the Abbott Government.
Origin's CEO King says if anything Renewable Energy Target will be increased in future and shows economics for new renewable energy projects are compelling. Could spooked investors be missing an opportunity?
Origin Energy is urging the Victorian Government to regulate the closure of coal, joining similar calls from AGL and EnergyAustralia. Two graphs show why Australia has given up on a purist ETS approach to decarbonising the power sector.
EnergyAustralia's parent company has joined AGL in asking government to shut down power capacity. Why? Apparently it's because we can't fit in extra renewable energy, not to help them out. But new data suggest the overcapacity issue is solving itself.
ANZ's chief executive says advancements in energy technologies and storage means that industrialising countries can widen access to cheaper electricity by bypassing the grid and conventional power stations.
China is still adding new coal plants at a rapid rate, yet overall coal generation is going down leading to a serious overcapacity problem. This is driven by perverse government policies that guarantee power plants minimum operating hours. It is also leading to power from wind and solar with no fuel cost being spilled at rates as high as 15 per cent.
There's no concrete evidence to suggest the Abbott Government has a solid, credible plan to deliver on its emission reduction commitments. But they are giving signs they're prepared to look beyond using taxpayers' money to purchase abatement.
The Climate Institute's latest results from its annual polling find increasing public concern about climate change with a solid recovery from the 2012 carbon tax scare campaign lows. In addition the desire for more solar and wind power is even greater, while coal is deeply unpopular.
Apparently the Department of Environment has 'analysis' finding Labor's 50% renewables goal would impose an extra and 'reckless' $85 billion. For this to make sense they appear to assume the Environment Minister is a liar.