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Fortescue green dream sullied by spying revelation

Andrew Forrest is nowhere to be seen after the discovery that private investigators were hired by the company to spy on the families of former employees.

  • Brad Thompson
Wind turbines are susceptible to lulls in wind speeds for days or weeks at a time.

Coal power on comeback trail as wind, solar falter

Electricity generation from coal has surged for the first time in nine years, wrecking emissions cuts and hammering home the disarray of Australia’s energy transition.

  • Angela Macdonald-Smith
The Vales Point generator is one power station affected by the tougher emissions standards.

NSW coal power stations put on notice over CO₂ limits

The new licence conditions come amid a resurgence in coal power generation in the state and across the National Electricity Market in the June quarter.

  • Angela Macdonald-Smith

Energy transition will cost much more than politicians are pretending

The brutal reality is that taxpayers and consumers will be on the hook for much higher costs under a renewable or nuclear energy system.

  • John Kehoe

Why overseas money is pouring into Australian green energy

The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.

  • Angela Macdonald-Smith
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This Month

Power prices are expected to be volatile through Australia’s transition to low-carbon energy.

RBA inflation target challenged by power prices

Other areas of the economy will need to offset the impact of higher than expected power prices to keep inflation within target, economists say.

  • Angela Macdonald-Smith and Ronald Mizen
A solar farm near Gunnedah, NSW.

Power prices to surge amid sluggish rollout of clean energy: UBS

Wholesale power prices could be almost 50 per cent higher than last year, the investment bank’s analysts warn, as renewables project development has stalled.

  • Angela Macdonald-Smith

June

The reformed safeguard mechanism is expected to deliver at least 200 million tonnes of net abatement by 2030.

Better carrot and stick provides investment certainty for carbon cuts

The climate safeguard mechanism for large emitting facilities means reaching the 43pc emissions reduction target by 2030 is certainly “doable”.

  • Kerry Schott
Installing nuclear power wouldn’t much reduce the need for a massive build-out in wind and solar generation, BNEF said.

Nuclear power would do little to reduce need for renewables: report

The task of reaching a net-zero emissions power sector is “Herculean” but can be done without nuclear.

  • Angela Macdonald-Smith
The renewable energy zone will connect up solar, wind and storage plants around the Dubbo region.

Nation’s first renewable energy zone wins approval

The Central-West Orana infrastructure project is intended to drive up to $20 billion in private investment in solar, wind and storage projects.

  • Angela Macdonald-Smith
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Coal power plants will close faster than their owners have announced so far, the energy market operator says.

Nuclear out in cold in $122b power grid plan

The energy market operator says work needs to start on another $3.4 billion of transmission lines in its latest $122 billion plan to transform the power grid.

  • Angela Macdonald-Smith
Siobhan Toohill, Westpac’s chief sustainability officer, is leaving Westpac to pursue a new challenge. “Challenging times can present the greatest opportunities for impact,” she says.

The ‘utterly shocking’ moment that made Westpac leader want to flee

Siobhan Toohill, the winner of the Financial Services - Banking category, faces a new frontier after 10 years leading Westpac’s sustainability efforts, including convincing the board to ditch new oil and gas projects.

  • Ayesha de Kretser
Wind power generation for the June quarter could hit its lowest since 2017 despite many new wind farms.

‘Dark doldrums’ hits wind power supply

A “drought” in wind power generation, described by the German word dunkelflaute meaning “dark doldrums”, has surprised the market and contributed to a squeeze on east-coast gas supplies inflating wholesale prices.

  • Angela Macdonald-Smith

Sir Andrew Mackenzie: time to focus on the best few climate solutions

The Shell chairman says the world’s carbon challenge is harder than he realised while running BHP, and it’s time for a global focus on a few winning solutions

  • Peter Ker and Lap Phan
Neoen’s global boss Xavier Barbaro says the takeover by Brookfield will provide capital to fund growth.

Renewables investing ‘not for everyone’, says Brookfield-target Neoen

Neoen global boss Xavier Barbaro says the capital intensity of the renewables industry is impacting investor appetite.

  • Angela Macdonald-Smith

Rio Tinto puts biofuels before batteries in carbon credit push

The miner reckons farmers should be eligible to earn carbon credits for growing crops that can be turned into carbon-neutral biofuels.

  • Peter Ker
Highview says its liquid-air energy-storage tech can solve the firming challenge for renewable power.

Rio Tinto punts on British start-up to plug renewables gap

The mining giant joined a $575 million investment round for Highview Power, which says its storage technology can firm renewable power.

  • Hans van Leeuwen
The squeeze on east coast gas supplies forced the Australian Energy Market Operator to issue a “threat notice” late on Wednesda.

Skyrocketing gas prices intensify fears of shortage this winter

There are growing fears the long-forecast shortage in supplies in the south-eastern states will emerge this winter, hitting manufacturers hard.

  • Updated
  • Angela Macdonald-Smith and Gus McCubbing
Grong Grong’s mini solar farm could be part of the solution to the energy crisis.

Grong Grong (population 150) does its bit to solve the energy crisis

Small-scale solar farms like that at Grong Grong can fly below the radar but represent a large opportunity to plug renewable power into the system. 

  • Nick Lenaghan
Nuclear power plants benefit from a pipeline of similar projects, experts say.

Over budget and plagued with delays: UK nuclear lessons for Australia

The big challenges facing nuclear power in Britain, both for large reactors and SMRs, are not technological or economic, but largely administrative and logistical.

  • Hans van Leeuwen
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Opposition Leader Peter Dutton at his nuclear press conference on Wednesday.

Switkowski backs nuclear push, Dutton promises costings

Ziggy Switkowski says nuclear power has a role to play in the zero-emissions energy mix and would deliver a positive return to taxpayers.

  • Phillip Coorey
Peter Dutton is proposing seven nuclear plants in Coalition electorates.

Dutton is prepared to take risks, but he is no onion eater

The signature difference between what the Coalition unleashed on Wednesday and the debilitating climate fights of the past is that both parties are operating from the assumption that emissions need to be reduced.

  • Phillip Coorey
The Coalition wants small modular reactors such as this design by Westinghouse proposed for the UK.

Tech no hurdle for Coalition’s nuclear plan

Several proven technologies would fit the bill for the opposition’s nuclear expansion plan, while Australia has a head start on nuclear regulation, experts say.

  • Angela Macdonald-Smith
Opposition Leader Peter Dutton.

Labor’s AUKUS embrace negates nuclear waste argument: Dutton

Labor has already agreed to establish a high-level nuclear waste dump under the AUKUS pact.

  • Phillip Coorey
Commuters in Melbourne this week as overnight temperatures fell to zero. The threat of gas shortages in the south-east will only become “more real” as winter takes hold, an analyst warns.

Gas shortage warning exposes deep energy mess

Low wind power amid a cold snap is threatening to create a gas shortfall – exposing the effect of supply restrictions and jeopardising the Coalition’s nuclear ambitions.

  • Updated
  • Angela Macdonald-Smith and Gus McCubbing

Original URL: https://www.afr.com/carbon-challenge