As many as five coal-fired power stations will run at a loss by 2025 and at least one faces early closure as the ageing generators struggle to compete against cheaper renewables surging into the national power grid, say researchers.
Barnaby Joyce: wants to include coal and nuclear power. PHOTO: ALEX ELLINGHAUSEN
Distrust and division within the Coalition over climate change is behind an ongoing delay to pass legislation that would broaden the remit of the Clean Energy Finance Corporation to include gas.
The NSW government’s cyber security agency is investigating whether the State’s health dept and other agencies have been victims of a high profile cyber attack that has hit the corporate watchdog law firm, Allens and the Reserve Bank of New Zealand. SBS was mentioned, however SBS has found no evidence of harm to its data.
Australia’s greenhouse gas emissions dropped 4.4 per cent in the 12 months to September last year, new government data has revealed, falling to the lowest levels in the country since 1995.The result reflects a greater worldwide reduction in emissions, which plunged by about 2.4 billion tonnes last year – a 7 per cent drop from 2019 – in the largest decline on record triggered by coronavirus restrictions.
Competition chief Rod Sims has told energy companies the watchdog expects retail electricity prices to come down after a halving of the wholesale price and would take action if the falls don’t begin to trickle on to consumers.
The Australian Competition and Consumer Commission chairman said one of the watchdog’s key priorities for 2021 was policing the prices of essential services, calling out the energy and telecommunications sector.
Texas, the United States’ leading energy-producing state, seemed like the last place on earth that could run out of energy. Then last week it did.
Preventing power blackouts is becoming more difficult as cheaper but weather-dependent renewable power increasingly replaces coal power generation, endangering the security of supply in the national electricity market.
The call on the Morrison government to initiate a nationally coordinated closure of coal power stations through an auction system is laid out in a report released today by the Blueprint Institute, a think tank founded by former advisers to ex-Liberal minister Julie Bishop and backed by former Liberal Party ministers Robert Hill and Christopher Pyne.
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