OECD’s environmental KPIs for Australia add grist to calls for change
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.
Corporate clean energy smashes records
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.
First 100 installs under SA Home Battery Scheme completed, interest grows
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.
Australia to lead world in resi battery uptake in 2019, finds BNEF
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.
Labor targets green hydrogen exports in billion-dollar plan
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.
How attacks on Australian renewables industry were foiled by Senate crossbench
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.
COAG energy ministers backs development of national hydrogen strategy
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.
Last man standing: Federal Energy Minister Angus Taylor called out even by NSW Libs
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.
Solar not in COP24’s spotlight
As the dust settles on an imperfect, but still welcome, international agreement thrashed out at COP 24, the chairman of the European Energy Research Alliance has criticized the solar industry for its lack of representation in Katowice.
Industry execs identify grid connection, policy uncertainty as top challenges
A survey run by the Clean Energy Council among senior executives, leading with a combined net worth of more than $17 billion, shows that clean energy investment confidence is strong. The majority of companies are looking to put on extra staff in the next year. However, challenges in achieving project grid connection and policy uncertainty are causing great stress in the long run.
