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 energy giant's new chief is obviously trying to reposition the company's image with its climate policy announced today. While a welcome development, for the most part it’s a bit symbolic or represents business-as-usual behaviour.
Super fund investor Industry Funds Management has a big appetite for infrastructure assets, but the growing risk profile of renewable energy developer Pacific Hydro appears to have left a bitter taste it couldn’t palate.
According to the government's logic, the RET should be cut to a 'real' 20% of power consumption. While such a moving target is unworkable for business, would this government really push for a bigger RET if power demand went up?
The week in clean energy saw South Africa revealed as the engine behind renewables investment in Q1 with $3.1bn including two major solar thermal projects while, elsewhere, Lockheed Martin continued its move into waste-to-energy.
Apart from Africa, where small-hydro is doing well, hydropower faces investment risk as studies show reservoirs may be major sources of methane emissions while climate change itself could make rainfall less certain.
Not content with being on his own against the two main business lobbies, heavy industry, the renewables sector and Labor, Ian Macfarlane is also wrong on his claim Australia can't meet that group's clean energy target - or even a higher one.
The Australian CleanTech Index fell slightly with the benchmarks last month but, like the ASX200, enjoyed a strong overall quarter with the index driven by strong gains in Hot Rock, Energy Developments and Enerji, among others.