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).
Industry groups are pushing the Government to concede to the Clean Energy Council's compromise offer on the Renewable Energy Target with backbenchers adding to the call. But will environmental groups hold Labor back from such a deal - a move which would condemn large-scale renewables investment to the deep freeze.
The Clean Energy Council has blinked, conceding to a reduction in the large-scale RET to 33,500GWh. With Ian Macfarlane refusing to budge and Labor holding out too, have they just given ground for no pay-off? Don't give up hope just yet.
If ARENA had instead partnered with SP AusNet and The Cape eco-village, a much bigger, more effective, distributed and more resilient system could have been built with 10 times the storage as the WA trial - at the same cost.
A new paper suggesting better-than-expected cost declines for batteries is welcome, but obsession with the $/kWh figure risks sidelining all the other factors that make up a purchase in the home energy storage sphere.
Western state - which has 5.4GW solar capacity - becomes first in US to generate more than 5% of electricity from utility-scale solar, with the increasing energy source picking up hydro's slack during the state's drought year.
Greg Hunt might like to celebrate Australia having curtailed CO2 growth relative to where error-riddled forecasts thought we would be. But on an emissions per person basis, Australia has some serious explaining to do.