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Tony Wood

This Month

There is an alternative. It begins with the recognition that tackling climate change is not an ideological choice. It is an existential necessity.

Climate change has broken Labor’s promise to cut electricity bills by $275

The reality for both sides of politics is that delivering lower emissions and reducing power prices is a false target. This is not negotiable – we cannot negotiate with physics.

September

. It behoves both Labor and the Coalition to put credible net-zero plans to the electorate. The stakes have never been higher.

Six points that Peter Dutton’s nuclear plan has to answer

The major parties are further apart than ever on energy policy, and neither has a credible plan to reduce prices. Where does that leave the Coalition’s nuclear gamble?

August

Labor’s flagship Future Made in Australia legislation is now before the Senate.

How to keep Future Made in Australia out of the pork barrel

Industry policies rightly have a bad name. The government needs to tighten the wording of its FMIA bill if it wants to prevent abuse.

We probably have enough Band-Aids, partial solutions, and government funding to muddle through until most coal-fired plants have closed.

Fixing the electricity market for good

The Productivity Commission looks set to review the 1990s-era electricity market design. The key will be making sure that governments stick to an agreed fix.

June

The share of renewables was expected to almost double from 44 per cent in 2025 to 83 per cent by 2030.

Why 2030 targets are in trouble and Australia may fall short

In hindsight, the scale and pace of the task were underestimated by federal and state governments.

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April

Australia can have a net-zero electricity system that is both affordable and reliable.

Post-coal power choice is renationalisation or redesigning the market

An integrated net-zero electricity system depends on governments restoring faith in the market delivering enough power to the right places at the right time.

March

Demand for gas in the southern states, particularly Victoria, is strongly influenced by the need for winter heating.

Running out of gas is avoidable – but we need to move fast

Declining production from offshore Victorian gas fields is unlikely to be substantially replaced by new local gas supply.

February

Australia is the only developed country, apart from Russia, to not have standards for vehicle CO₂ emissions.

Put the foot down on clean car standards

Stricter rules for lower-emissions new vehicles are long overdue, and the risks are easily managed.

December 2023

For such a small molecule, hydrogen’s possible contribution to fixing climate change has been hyped beyond reality.

Less hype, more hard work needed to realise hydrogen hopes

Hydrogen offers three big opportunities that should be grasped now, and realising them without undue hope or excessive long-term subsidies requires focused analysis and clear policies.

November 2023

Under the scheme, the government will run six-monthly competitive tenders.

Green power play could hit target or destroy electricity market

The bottom line on the Capacity Investment Scheme will depend on whether it’s done well and the risks are managed.

Solar panels in a flooded Greek village as global climate change becomes impossible to ignore.

Chalmers has rebooted energy policy

A mid-term government is now realising that energy and climate must become a focus for the whole cabinet.

August 2023

About 10,000 kilometres of new transmission lines will be needed to connect a nine-fold expansion of wind and solar farm capacity.

How to get the energy transition back on track

Current trends will mean missing our 2030 emissions targets, risking electricity reliability and failing to deliver the federal government’s promise of cheaper power. Change is urgently required on all three fronts.

June 2023

The biggest number of users are the 5 million households that use gas for cooking and for heating their hot water and homes

Hydrogen is too far off to replace gas power

Electricity already does the same job as natural gas in millions of homes and small businesses and is steadily becoming net zero emissions.

May 2023

Snowy Hydro’s pumped hydro project has been beset by delays.

Labor has made a good start, but tricky energy and climate road ahead

As the government begins its second year in office, how it deals with the big three challenges of gas shortages, electricity prices and emission reduction targets may determine its prospects in 2025.

March 2023

Brendon Thorne

Critical milestone reached in great safeguard compromise

The government’s safeguard mechanism agreement is neither as tough as the Greens hoped, nor as dangerous as the gas industry has feared.

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Floating LNG import terminals could be a big part of the solution.

Gas can be fixed, but it will take good government to do so

There is no single way forward out of the gas crisis. But first, halt the denial and the unedifying blame game.

December 2022

Prime Minister Anthony Albanese announced temporary caps on the wholesale price of coal and gas on Friday.

Messy end to gas market intervention?

The government had no choice but to intervene, and none of the possible interventions was without big consequences. But does setting a “reasonable price” snatch defeat from the jaws of victory?

October 2022

The NEM emerged in the 1990s from a national review of competition policy.

What direction now for the NEM?

State government interventions have fractured the National Electricity Market. A mixed model that supports private sector investment is the best hope.

Decarbonisation is achievable.

Growth strategy should be to decarbonise, reindustrialise, regionalise

The good news is we are no longer fighting about the destination, but rather on how to get there. And we also know more about the solutions.

Export LNG plant, where spot prices remain very strong.

The government’s ugly choices on gas are not over yet

The government’s gas deal ensures supply will be available for industrial users, but the spike in LNG spot prices means Canberra may be tempted to intervene again.

Original URL: https://www.afr.com/by/tony-wood-p4yvkn