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).
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.
The government has loaded the dice again in the next abatement auction, giving the regulator more powers to arbitrarily and without transparency change the way it conducts the auction. It might save money in the short term but at the expense of investment in new abatement projects.
Joe Hockey appears to be considering spending billions of taxpayers dollars to subsidise the huge new Adani Carmichael coal mine. Yet the coal market is suffering a large glut and government economic modelling shows it's about to get even worse.
Our Minister for the Environment has proudly trumpeted emissions have reached their lowest level in 10 years – all without a ‘painful carbon price’. It turns out he’s mastered an ability to manipulate the weather and global commodity prices. But those rising emissions from electricity – nothing to do with him?
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.