Covid-19

The Clean Energy Finance Corporation is set to become the cornerstone investor in a BNP Paribas’ issuance $140 million in new Australian green bonds through its Australian Climate Transition Index, an index for investors to parse the companies that will survive and thrive into a decarbonised future from those who will decay and die.

The Schools Virtual Power Plant pilot project, part of the WA Government’s $66.3 million investment in solar and batteries in its WA Recovery Plan from the impacts of Covid-19, will see ten schools transformed into VPPs. The two year trial is expected to bring reduced electricity bills to schools, improved grid stability, and increased solar uptake in the local community.

With the disruption of Covid-19 highlighting the climatic impact of the aviation industry, a recent report from the CSIRO funded by Boeing shows that hydrogen fuel’s technological momentum could see clean hydrogen used in airports by as early as 2025, and a full transition from conventional jet fuel by 2050.

The Kimberley Recovery Plan spells out in regional focus the renewable energy investments heading to the Kimberley from the Western Australian Government’s $5.5 billion WA Recovery Plan. The Kimberley region is set for an injection of funds to help fortify a sustainable renewable energy sector, particularly for the uptake of residential rooftop solar and energy storage systems.

Sydney’s Northern Beaches Council has installed its largest solar array to date, a 265 kW rooftop system atop the Andrew ‘Boy’ Charlton Aquatic Centre in Manly. Council is revving up its solar capacity on its way to a goal of having renewable energy power all suitable Council sites by 2030, an ambition it hopes will inspire more local residents to take up solar too.

A team of international researchers featuring ANU’s Prof Frank Jotzo has published a study on the ‘just transition’ from coal to renewable sources of energy. The paper looks at comparative examples of transitioning economies, taking account of political realities, and ultimately shows that a ‘just transition’ is just about the only transition worth having.

The Western Australian Government’s $5.5 billion WA Recovery Plan was released yesterday, the plan features $66.3 million in renewable energy investment, most of that to go on solar and batteries, along with a significant top up of the Clean Energy Future Fund.

Thanks to the Covid-19 many of us find ourselves in lockdown with little reprieve other than a morning potter or an evening stroll. In Goulburn, thanks to what is being called Australia’s largest solar lighting installation, locals can now more easily walk and cycle their way to the salutary effects of a daily jaunt.

Hesta, a leading industry superannuation fund trusted by 860,000 Australians, has joined a host of other major investment firms nationwide calling on the Federal Government to encourage large-scale renewable investment by setting an emissions target and cleaning up its strategy.

New economic modelling from Accenture’s AlphaBeta has found 76,000 clean jobs just waiting to be created over the next three years if a green recovery from the twin recoveries from the Black Summer Bushfires and Covid-19 were implemented. The Plan, commissioned by the Climate Council, breaks down potential jobs in the hardest hit regions and occupations.