Opinion & Analysis

It has been an interesting year for Australian energy markets, facing unprecedented high energy prices, coal outages, and market suspension. In this Chart of the Week, we investigate the impact a battery energy storage system would have made during FY 2022.

Economist Ross Garnaut’s latest book, the Superpower Transformation, is promoted as a “practical plan” to put the vision of in his earlier Superpower into effect. Clive Hamilton, Professor of Public Ethics at Charles Sturt University, questions if the vision is premised on an imperfect logic.

As uplifting as Australia’s climate turn around is, SMA Australia’s Joshua Birmingham says it would be “naive” to ignore the fact that this rapid growth will present challenges for the industry, with demand potentially outstripping supply in many key areas of the renewable energy value chain. 

While not one of the big five-year-cycle COPs like Paris or Glasgow, COP27 is still hugely important, write Wood Mackenzie analysts. The fallout from the conflict in Ukraine has tilted the precarious balance of the energy trilemma – sustainability; affordability; security – towards the latter. But despite this temporary setback, some progress should still be possible.

There is almost a daily announcement about a major green hydrogen project being built somewhere in the world. Hydrogen and ammonia can be made from fossil fuels but also from renewable energy and water using an electrolyser producing zero carbon emissions. It is critically important that we can tell when it is zero emissions and prevent ‘greenwashing.’

Director of the Australian Solar Thermal Research Institute, Dominic Zaal, offers a deep dive into the capabilities of concentrated solar thermal technology, including what has been proven by global projects so far and how the all important Power Purchasing Agreements stack up.

Former Tindo Solar CEO, Shayne Jaenisch, outlines how Australia’s renewables industry can avoid forced labour, cut waste, secure its supply chains and create a domestic manufacturing industry.

The Australian Renewable Energy Agency is one of those rare institutions that managed to survive the political energy battles over the last decade. Initially established in 2012, the federally funded agency has dispensed more than $1.9 billion (USD 1.2 billion) in funding to date to support renewable technologies, often at the ‘pre-commercial’ stage.

The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest.

It’s been easy to get caught up in all the news from the Victoria and Queensland governments proposing record-setting funding and environmental targets by 2030 and 2035, along with the news of AGL bringing forward the closure of Loy Yang A.