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This podcast was produced by ABC Signal. Listen here. The Australian government is pitching gas as the economic and energy solution, but not everyone is on board. Last week Prime Minister Scott Morrison gave the energy sector an ultimatum: if the sector can’t come up with a plan for an extra 1000 megawatts of energy […]
Building a petrochemical facility reliant on the fossil fuel – gas – is one of the top-listed projects put forward by the Australian government aimed at stimulating the economy post COVID-19. The $1.9bn fertiliser facility pegged for Narrabri in New South Wales is not a new idea, and it can’t get planning approval until gas […]
A striking development has occurred in the world of corporate finance. The past few months have seen a string of corporations divest from thermal coal, starting with US investment giant BlackRock and extending to Japan’s Mizuho and the Norwegian Government Pension Fund. A trend is setting in and coal is being dumped all over […]
Over the years, the government-owned Power Finance Corporation (PFC) and the Rural Electric Corporation (REC) have been lending extensively to coal-fired power projects. In fact, over half of their total loan book is exposed to thermal power. Yet thermal power in India has become a less secure investment, as the two corporations have found. And […]
The global fracking industry has a fundamentally broken business model which is: Let’s produce as much oil and gas as we can and hope that prices rise as a result. “It’s completely backward”, says IEEFA’s Clark Williams-Derry. “What we’ve ended up with is a global supply glut and weak demand.” With COVID-19, oil and gas […]
There are massive greenhouse emissions being released from the fossil fuel, gas, and LNG (liquefied natural gas). This week we’re talking about something not many people know about, which is the massive greenhouse emissions being released from the fossil fuel – gas – and LNG (liquefied natural gas). Those emissions are so big that in […]
The coronavirus pandemic continues to take its toll. Most countries still have cities and regions in lockdown, businesses are losing money hand over fist, and people everywhere are being sorely affected. During these extraordinary times, governments are already planning for a post-locked-down world. Questions are being raised about whether we need to bring old habits […]
The Australian government is spending $6m on feasibility studies to determine whether or not a new coal-fired power plant is a good idea. It’s reignited the political debate, and with it the argument that Australia wouldn’t be the only one in the world investing in new coal. China, for instance, is currently in the process […]
2GB Radio, Sydney: Bruce Robertson, an energy analyst with the Institute for Energy Economics and Financial Analysis talks to Michael McLaren for Josh Frydenberg’s call for Victoria and the Northern Territory to lift their gas exploration ban. Download the podcast: Lift the Gas Ban in Victoria and Northern Territory
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IEEFA: The Australian government is holding out on setting a net-zero emissions deadline
Australia’s states and territories, corporates and financial institutions have set their own 2050 targets
More and more countries have net zero emissions ambitions, including Australia’s top trading partners China, Japan, South Korea, the UK and the U.S. (with President-elect Joe Biden preparing to move into the White House). Every Australian state and territory has committed to achieving net zero emissions by 2050 (or sooner for the ACT) and corporates […]