A coal project proposed near Kingaroy, Queensland, is unlikely to provide benefit in a local economy based on services and agriculture. It imposes uncertainty and costs on other industries and the community. Policy makers should rule the project out on economic grounds.
Climate & Energy Program
The number of extreme heat days over 35°c and 40°c will increase dramatically across the South East of South Australia unless more is done to tackle global warming, according to new research from The Australia Institute’s HeatWatch initiative which uses BoM and CSIRO climate projections.
HeatWatch – Extreme Heat in South East SA shows that both Mount Gambier and Murray Bridge could experience nearly twice as many extreme days over 35°c by 2050 and three times as many by 2090.
Increasing extreme heat will have profound impacts on people, industries and ecosystems in South East SA. CSIRO and Bureau of Meteorology projections estimate that the average number of days over 35 could increase from historical averages of 21 at Murray Bridge and seven at Mount Gambier, to 56 and 22 days respectively by 2090 without strong climate action.
by Richard Denniss
[Originally published in The Australian Financial Review, 5 March 2019]
Cultural symbols have replaced price signals at the heart of conservative politics.
The Australia Institute’s Climate & Energy Program has released the latest National Energy Emissions Audit for the electricity sector (The Audit*) covering the month of January 2019.
The Audit shows that renewables now account for 20% of total generation in the National Energy Market (NEM) -- a share that that is certain to continue growing -- performing best of all energy sources during a record breaking summer of heatwaves.
The Australia Institute’s Climate & Energy Program has released the latest National Energy Emissions Audit for the electricity sector covering the month of January 2019.
The Audit shows that renewables now account for 20% of total generation in the National Energy Market (NEM) -- a share that that is certain to continue growing -- performing best of all energy sources during a record-breaking summer of heatwaves.
The Prime Minister’s announcement to channel $2 billion over ten years to the Emissions Reduction Fund (ERF) falls drastically short of what is required to credibly tackle Australia’s emissions.
“The Emissions Reduction Fund (ERF) will not bring down emissions in the majority of our economy and cannot credibly be considered a centrepiece climate policy,” says Richie Merzian, climate & energy program director at the Australia Institute.
“The ERF is just a warm-up act and we are still – 6 years on -- waiting for the main performer.
by Richard Denniss
[Originally published in the Financial Review, 19 Feb 2019]
Millions of people in developing countries jumped straight from having no phone to having a mobile phone and so too will thousands of villages in developing countries jump from having no grid electricity to their own renewable energy. Leapfrogging old technologies can save billions.
New legal advice, sought by The Australia Institute Climate & Energy Program, suggests the Underwriting New Generation Investment Program is unconstitutional and lacks the legislative basis to proceed.
· Legal advice received from Fiona McLeod SC and Lindy Barrett on 15 February 2019 finds that Federal Energy Minister Angus Taylor does not have constitutional authority over electricity nor the authority to fund projects under the Underwriting New Generation Investment Program, as currently proposed
The Australia Institute has long argued that the decline of fossil fuels in the electricity sector presents great opportunities for consumers, in terms of affordability, reliability and sustainability.
The traditional model of centralised generators with a monopoly on supply is dying. Information and computing technology is providing the capability for consumers to flip the switch and become ‘prosumers’, able to produce, store, trade and manage electricity.