Australia’s energy operator proposes ‘fast change’ scenario to cut emissions by 52 per cent by 2030
followed by:
Greenhouse gas emissions from the electricity sector would be reduced at twice the rate proposed by the Turnbull government under a radical new plan outlined by the Australian Energy Market Operator.
The “fast change” model puts the public operator on a collision course with policymakers after AEMO outlined a potential cut of 52 per cent to all electricity emissions by 2030, double the rate required to meet our Paris climate change commitments.
The bit I’ve highlighted was wrong. AEMO charted a doable scenario double the rate specified by the Turnbull government, but it was derived from the ENA CSIRO Low Emissions Technology Roadmap, which looked at what would be required to meet the 2°C target under the Paris Agreement. Continue reading AEMO’s fast track electricity plan→
including $200 million in funding to reduce agricultural pollution and $100 million for “reef restoration and adaptation,” which includes a project to grow stronger corals in laboratories. Other projects include killing off invasive species like the crown-of-thorns starfish and community engagement and enforcement
The AFR reports that Alinta is finalising its bid for Liddell, energy minister Josh Frydenberg says by the end of April, so any day now. That was in response to the announcement by AGL the day before that it will build the 252-megawatt gas-fired plant near its Newcastle Gas Storage Facility, completing construction at the end of 2022, for the cost of $400 million:
Above is an artist impression of a similar facility in South Australia.
I did not get my full post on the NEG (National Energy Guarantee) finished last night, so it will have to await the COAG meeting today.
Commentators seem to think the NEG will get an amber light from the states. The main problem is that in terms of emissions reduction the NEG has been evaluated as worse than doing nothing by Reputex. To the world it will look like it is – Australia keeping up appearances while putting the mockers on renewable energy and giving coal the best chance ever to keep wrecking the planet. Continue reading NEG: the plan to do less than nothing→
1. “Eat, drink, and be merry, for tomorrow we die”
Two problems here. The first is that the above quotation is not found in the bible or Shakespeare, it’s a conflation of Ecclesiastes 8:15 and Isaiah 22:13, plus you could throw in Luke 12:19.
CEO Andrew Vesey has advised that AGL are ordering the equipment they need to convert Liddell’s turbines to “synchronous condensers” to fim up solar and wind energy. AGL’s plan for a clean energy hub to replace Liddell is going ahead, according to Ben Potter in the AFR.
About a month ago Meridian Australia’s CEO Ed McManus said that while the electricity market can turn on a dime, stability had returned to the market and the trend looks good. They had just concluded a swag of hydro, wind and solar power deals which will deliver cheaper electricity than the company could buy in the wholesale market. So their retail arm Powershop was offering a 5 per cent price cut to consumers.
Electricity contracts for delivery in 2019 were trading at more than $92 per megawatt hour in Victoria and $108/MWh in South Australia a year ago, when SA and NSW had just suffered power shortages and the closure of Victoria’s Hazelwood power station loomed.
Contracts for 2019 have since fallen to $82.90 in Victoria and $94.36 in SA, while contracts for delivery in Victoria in 2020 and 2021 are trading at $76/MWh and $69/MWh and contracts for 2020 and 2021 in SA are trading at $86/MWh and $85/MWh.
When this is published SA voters will be lining up to select a new government. That is the hope. I understand the betting market favours a hung parliament. No pundit I’ve heard is willing to pick a winner. Kevin Bonham talks about the difficulty of modelling the outcome, with the entry of SA Best and the redistribution. The ABC has guidance on how we can follow the election and an Online Election Page.
On climate change the election matters. There is coverage at:
Adani Australia’s chief executive Jeyakumar Janakaraj – known in the industry as “JJ” – has done an opinion piece in the Australian Financial Review saying that their team at Adani has not wavered in their vision to build the Carmichael mine, rail and port project in Central Queensland. They’ve been working on it for seven years, have spent $3.3 billion to date, have 800 people working right now and have put up arguments to answer their critics.
The Four Corners episode Weather Alert sets out its intent from the beginning:
How Australia’s warming climate is changing the way we live and work.
“This is very ‘now’. This isn’t a future problem which is 10 or 20 or 30 years (away).” Climate Risk Expert
Across Australia, farmers, small businesses, government planners and major corporations have stopped waiting for politicians to decide whether climate change is real. They’re acting now.
In this guest post by Geoff Henderson takes us to the heart of how climate change poses a real and present danger to some of our Pacific neighbours.
Kiribati – pron. Keer-i-bas – is perhaps the world’s most immediate victim of climate change. One hundred and ten thousand Kiribatians will likely be the first climate change refugees. It is happening right now, and they will be the first of millions over the next decades. This is a two-part post. Part one explains the people and livelihood of Kiribatians and explains their plight. Continue reading Climate refugees in the Central Pacific -the Republic of Kiribati→
Climate change, sustainability, plus sundry other stuff