Policy

PV demand grew 68% year-on-year from the level seen in 2017 as Germany’s cumulative installed solar generation capacity reached 45.92 GW.

A flagship report from the Senate Committee on Electric Vehicles (EV) has called on the federal government to adopt a strategy that will accelerate EV uptake in Australia, and implement new vehicle emissions standards to encourage manufacturers to sell more EVs. Since a growing EV fleet could pose a challenge to the grid, solar is set to assume an important role in flattening out the demand and supply curve.

The OECD Environmental Performance review of Australia, released yesterday, comes at a critical time in the lead-up to Federal elections in May. Three formerly Liberal-aligned candidates are standing as independents in opposition to longstanding Liberal members of parliament, on the basis that the Liberal National Party, in power since 2013 has failed to adequately address climate change and its many challenges, including environmental degradation. The OECD review agrees with them.

Companies in the United States accounted for more than 60% of the clean energy deals signed by corporations worldwide last year, according to BloombergNEF. A proposed renewable portfolio standard for Chinese business, though, could turn the picture upside down in a year’s time.

The South Australian government has released an update on the energy storage uptake under the nation’s biggest home battery rebate scheme. With a total of 101 batteries already installed and more than 500 households now in line for installation, a further influx of applications is expected as public awareness builds.

Over 70,000 Australian households will install battery storage in 2019, according to the Bloomberg New Energy Finance (BNEF). With the nation’s storage demand set to triple, Australia is forecast to make up 30% of global demand this year.

The Australian Labor Party has released a National Hydrogen Plan, which involves directing $1 billion in CEFC funding towards clean hydrogen projects, $100 million in ARENA grants for hydrogen technology refuelling infrastructure, and $40 million from the CEFC’s Innovation Fund to help commercialise new hydrogen technologies and businesses. Looking towards clean energy exports, the plan will provide $3 million in funding to Queensland coal port in Gladstone with the aim of creating a hydrogen hub.

A new report released by The Australia Institute reveals the Senate crossbench has safeguarded $23.4 billion worth of investment in renewable energy from 2013-2018, when it prevented the Coalition Government from abolishing the Clean Energy Finance Corporation, ARENA and slashing the Renewable Energy Target.

The December meeting of the COAG Energy Council has grabbed headlines as NSW attempted to push for a zero-emissions policy only to be blocked by Federal Energy Minister Angus Taylor. But, in a rare substantive outcome of the meeting, the energy ministers agreed to develop a national hydrogen strategy.

NSW Energy Minister Don Harwin is tentatively welcomed into the renewable-energy winners’ circle as an acrimonious COAG meeting shows the Federal Government ever more on the outer.