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).
A new report says wind is already the least-cost option for new grid capacity in many markets and - with exciting growth looming in Brazil, Mexico, and South Africa - could increase seven-fold in 15 years.
The Coalition is claiming they aren't cutting the RET merely 'recalibrating' it because the target has always been 20%. The public's inability to understand a gigawatt-hour from a gigahertz means they could get away with it, but the public do understand 100 people losing their jobs.
AGL's Michael Fraser claims investors no longer have confidence in RET sufficient to support investment in new projects, suggests we need new policy framework which also encourages exit of old generators. Self-serving - yes, but can we restore investor confidence?