At the weekend, Fairfax media revealed the Turnbull government had lifted the controversial wind farm investment ban imposed on the Clean Energy Finance Corporation under Prime Minister Tony Abbott. Friends of the Earth welcomed the decision to lift the wind … Continue reading Turnbull govt lifts CEFC wind farm ban: Friends of the Earth call for clean energy bank to be retained
The Abbott government is at war with renewable energy. On Sunday 12 July, Fairfax revealed the Abbott government had directed the independent Clean Energy Finance Corporation not to invest in wind farms. Just hours later, it was reported that Treasurer Joe … Continue reading Abbott govt bullies Clean Energy Finance Corp, puts ideology ahead of sound investments
This article originally posted at The Conversation. View the original post here. Australia’s “carbon tax” is being axed – so what does it mean for you and for Australia? We asked Conversation readers to tell us on Facebook and Twitter what questions you’d like us to … Continue reading Carbon tax axed: how it affects you, Australia and our emissions
China’s National Energy Administration (NEA) has just released some remarkable data on the addition of new electric generating capacity in 2013. China’s electric power system has been growing at a tremendous rate to keep up with the country’s breakneck expansion of its manufacturing industry over the past decade. Continue reading “China roars ahead with renewables”
In a move that has surprised renewable energy advocates, Senator for Victoria John Madigan–who is better known for his strong opposition to wind energy–has backed the Clean Energy Finance Corporation.
The Clean Energy Finance Corporation was a key plank of the Clean Energy Future legislation negotiated by the Gillard government, the Australian Greens and independent members. The body was set up to stimulate private sector investment in Australia’s nascent renewable energy sector.
Last week, it was revealed that the Abbott government’s decision to scrap the CEFC would cost taxpayers. CEFC chair Jillian Broadbent says the fund delivers a $200 million return to taxpayers each year or $2.40 worth of profit for each tonne of carbon abatement.
Pollie Watch articles hold politicians to account when their arguments against renewable energy aren’t supported by the evidence. They also give politicians a pat-on-the-back when they stand up for renewable energy in Australia. In that spirit, Yes 2 Renewables are happy to post Senator Madigan’s excellent defense of the Clean Energy Finance Corporation below. Continue reading “Pollie Watch: Sen Madigan surprise supporter of Clean Energy Bank”
With industries such as manufacturing already facing the uncertain pressures of a globalised world, narrow minded pollies often like to use the Renewable Energy Target (RET) as a scapegoat over exploring more complex pressures on industry.
Who: “[The renewable energy target (RET)] has already put up power prices for industry to such an extent that manufacturers are shutting down and moving overseas.” Senator Ron Boswell.
The claim: Rising electricity prices due to the RET are an important contributing factor in the decline of manufacturing in Australia.
Today is a good news day for wind energy in Victoria. The Clean Energy Finance Corporation announced it will provide a $70 million loan to Pacific Hydro to complete the final stage of the Portland Wind Energy Project.
Reporting for the Sydney Morning Herald, Peter Hannam writes:
The $10 billion green investment bank, set to be scrapped by the incoming Coalition government, has issued a loan to Pacific Hydro to build the final stage of its Portland wind farm in what is likely to be among the bank’s final deals.
The project will create hundreds of jobs, increase market competition and provide enough clean energy to power 31,000 homes, according to Pacific Hydro.
The CEFC’s backing of the final stage of the Portland wind energy project is a welcome boost for Victoria’s wind energy sector. It will create jobs in the South West while cleaning up the state’s polluting energy sector. The ambitious Portland Wind Energy Project was approved by the Bracks Labor government and has been over a decade in the making.
Good news stories in the wind energy sector are few and far between since the Baillieu government introduced the world’s most restrictive anti-wind farm laws, which have cost the state jobs, investment, income for farmers and clean energy. Continue reading “Good news for wind energy!”
The Greens have continued their national leadership on energy policy by announcing a Clean Energy Roadmap to get Australia to 100 percent renewables. The intervention is an attempt to spark a debate about energy policy in the lead up to the looming federal election.
In an opinion article published by RenewEconomy, Greens leader Senator Christine Milne makes the case for a national roadmap. Milne cites studies by the Australian Energy Market Operator and University of New South Wales which find it economically and feasible for the national grid to be powered entirely by renewable energy. Senator Milne makes her case:
“The cheapest way to decarbonise the electricity sector is to plan the transition early and build the right energy infrastructure in the right place at the right time. To avoid wasting time and money on investments that don’t adequately address climate change, we need a roadmap.”