AEMC proposes raising price caps to ensure market reliability over energy transition
The Australian Energy Market Commission (AEMC) has proposed increasing price caps on the country’s main electricity market. This is meant to allow investors to respond to fill gaps created by ageing coal generation.
Substantial increase in solar fires caused by DC isolators recorded in state data
Data shows a sharp increase in the number of fires caused by the DC isolators that separate the grid from solar panels. ABC News gathered state-by-state data revealing a dramatic increase in fire incidents in the last 12 months.
1 GW North Queensland hydrogen project gains a new international partner
Japanese company IHI Corporation, which specialises in green ammonia technology to decarbonise industry, has joined the consortium of companies developing the green hydrogen hub HyNQ – North Queensland Clean Energy Project.
Australia’s most recognisable solar recycler handed windup notice by Victorian court
One of Australia’s best known solar recycling companies, Reclaim PV, has been handed down a windup notice by Victoria’s Supreme Court. The company’s insolvency highlights the deep issues of solar recycling and the complexity of trying to create circularity in an overwhelmingly linear approach.
Report exposes Australia’s biggest fossil fuel subsidy and how mining industry could be better served
A new report by Climate Energy Finance has revealed Australia’s diesel Fuel Tax Credit Scheme disincentivises growth in future industries and will cost taxpayers $37 billion (USD 23.8b) in lost tax revenue by 2030. The report also illustrates how capping these rebates represents a multifaceted advantage for Australian manufacturing of low and zero-emission mining vehicles.
Australian Vanadium secures new land agreement, plugs towards delayed vision
Western Australian company Australian Vanadium Limited (AVL) seems to be fairly delayed in realising its vanadium mine and processing plant vision in Western Australia. Nonetheless, the company has signed a new option agreement to purchase land for its processing plant near Geraldton.
NSW raises coal royalties, adding $2.7b to future budget
New South Wales has increased its coal royalty scheme for the first time since 2009 in a move that is expected to boost the state’s budget by more than $2.7 billion (USD 1.72b) from 2024 to 2028.
Urgent action required to become green hydrogen superpower
Joe Biden’s surreptitiously-named Inflation Reduction Act has been described as the world’s biggest piece of climate change legislation, as big in its impact as the Paris Climate Change Agreement. Scott Hamilton and Joanna Kay argue Australia must act now to keep capital and talent onshore.
New research finds Australia’s lithium deposits likely extend across eastern states
New research from the University of Sydney pinpointing the concentration and distribution of lithium in Australian soils has found elevated levels in Queensland, New South Wales and Victoria.
Four Queensland towns funded to switch from diesel to solar and batteries
Four western Queensland communities powered by state-owned diesel generators are set to switch to solar and batteries, including Boulia, Burketown, Doomadgee and Windorah.
