Markets

Qantas has set itself a 2050 net-zero carbon emissions target as the national carrier looks to push the aviation industry toward more sustainable practices.

Australia made its first moves to open up its energy industry in the 1990s, when the National Electricity Market (NEM) was first created, and many of the rules and regulations from back then are still in place today. But the rise of renewables in the 21st century, argues Clean Energy Investor Group Chair Rob Grant, necessitates a rethink of this market structure.

The Australian Energy Market Commission’s proposed transmission access model has come under fierce criticism from the clean energy industry for being unnecessarily complex and likely to increase the cost of capital for future generation and storage investment.

New Zealand claims antipodean bragging rights yet again as parliament passes landmark bill setting a 2050 net-zero carbon emissions target. The bill, among its manifold components, further highlights the void of federal energy policy in Australia.

South Australia’s renewables, particularly wind, have received firm dispatchable back-up as Barker Inlet Power Station begins generating energy for the first time.

Utility-scale solar is booming in Australia. Quality assurance, especially solar panel testing, helps achieve better performance and lower costs. Best-practice testing is key, writes Michelle McCann, managing partner at PV Lab Australia, but must be planned and fully integrated into a project from an early stage. This integration ensures flow-through from panel manufacturers to commercial buyers and large project owners.

Market intelligence company Navigant Research has developed a country forecast of the global market. Incentives and pricing will be the main driver of installations, though the market will continue to be concentrated in certain key regions for now.

Fossil fuel giant Shell is set to make its foray into Australia’s electricity market after shareholders in electricity retailer ERM Power voted in favour of a $617 million takeover bid.

The Philippines is desperately hungry for rooftop solar PV as it seeks to alleviate itself of energy poverty. Pathways are finally opening up for the vast Southeast Asian nation with investors readying US$20 million to fund four new renewable projects.

A result of a collaboration between global accounting and financial services firm KPMG, Canadian gas giant ATCO, Australia’s national science agency CSIRO and Australian Renewable Energy Agency (ARENA), H2City can be used to assess the costs and benefits of regional town or municipality switching to hydrogen.