Bob Massie is the outgoing President and CEO of the New Economy Coalition, whose mission is to support a just transition to a new economy that enables both thriving communities and ecological health. He has degrees from Princeton and Yale … Continue reading Life After Coal: US Economist Speaks
The Chevy Bolt a battery only electric vehicle has been designed in Australia, but for an American market. The little take up in the Australian market could be due to there being no price subsidy. This article was published at … Continue reading Bolt from the blue: Australia-designed EV rocks Detroit
Analysts at French based energy components company Schneider Electric have concluded that extending or expanding Australia’s renewable energy target would lead to lower electricity prices, lower carbon emissions and increased competition.
Reducing, or removing the renewable energy target – as many incumbent generators, industry lobby groups, state governments and some of its own members are urging the Abbott conservative government to do – will have the opposite impact, pushing prices higher and creating a greater reliance on expensive gas-fired generation. Continue reading “Schneider study finds boosting renewables will cut energy costs”
The Coalition’s attempt to abolish the Clean Energy Finance Corporation (CEFC) is a blind political move that has more justification through rhetoric than rationality. The role of the CEFC is one that will continue to grow, as traditional financial institutions often disenfranchise those wishing to be financed for green projects.
This week, the Australian Senate is considering the government’s package of “carbon tax” abolition bills – bills abolishing the carbon tax, the Climate Change Authority (CCA) and the Clean Energy Finance Corporation (CEFC).
The Senate’s first move was to hold hearings on the abolition of the CCA and CEFC, and to split them off from the rest of proposed legislation. This was a first victory for a combined Greens and Labor vote in the Senate, signalling that the new Abbott government will not have an easy task in dismantling these structures.
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.