The world will need to pour trillions of dollars into the energy sector if it wants to reach the net-zero target, according to the CEO of Australia’s largest electricity operator. Frank Calabria, Managing Director of Origin Energy, which operates Australia’s largest coal-fired power station, has also urged to “bring as much coal supply back into…
Global Shift to Renewables Could Cost $120 Trillion: Australian Energy CEO
June 8, 2022
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AustraliaBusiness & Marketscoal-fired power plantenergyInternationalnet zeroOrigin EnergyRenewable EnergyWorld
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‘We Are Entering the Electric Age’: Former Australian Chief Scientist on Global Push to Net-Zero
Former Australian Chief Scientist Alan Finkel said humanity was undertaking an age defining transformation of energy systems in its global push to net-zero. “So substantial that in the naming traditions of the stone age, the iron age, the bronze age, and the industrial age, it could be argued that we are entering the electric age,”…
Australian Taxpayers Will Be Paying for 2050 Net-Zero Target: Former Opposition Leader Barnaby Joyce
Former Nationals party leader Barnaby Joyce has warned about the far-reaching consequences of the net-zero agenda, saying it could rewire the economy and drive up taxes. The comment was made after newly elected Nationals leader David Littleproud, who came from the moderate faction, pushed for a generational change in the conservative party by making achieving…
Aussie Energy Firm Tells Customers to Look Elsewhere for Better Deals, Warns Prices Could Double
May 31, 2022
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AustraliaAustralian Energy Market OperatorBusiness & Economyeconomic policieseconomyEnergy MarketInternationalnet zeroWorld
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Independent energy retailer, ReAmped Energy in Brisbane, has taken the extraordinary step of suggesting its customer’s shop around for better deals warning they could be paying twice as much on their next power bill. CEO Luke Blincoe said the energy market was “incredibly volatile” and that his company could not guarantee competitive prices in the…
Pay Rates in Renewables Sector Don’t Match Mining Industry: Nationals MP
May 31, 2022
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AustraliaBarnaby JoyceBusiness & Economyeconomic policieseconomyInternationalNational Partynet zeroRenewable EnergyWorld
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Outgoing Nationals leader Barnaby Joyce has warned that asking Australians to switch from jobs in the mining sector for positions in the renewable energy sector will not be that simple because, financially, the transition may not stack up. Joyce, who lost the leadership of the regional party to David Littleproud on May 30, also called…
Australia’s ‘Carbon Phobia’
Commentary In a revealing news article, the ABC indicated that, according to its Vote Compass data, Australians have nominated “climate change” as the most pressing issue of our time. Specifically, the article claims that “many are seeking answers on what policies each party has for one of the most pressing issues of our time.” Similarly,…
Australian Nationals Split on Net-Zero Commitment
May 24, 2022
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AustraliaBarnaby JoyceBusiness & Economyeconomic policiesInternationalMatt Canavannet zeronet-zero emissionsWorld
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Net-zero and leadership will be two issues discussed by the Nationals party room on the weekend after the regional party successfully withstood the electoral onslaught on May 21 that saw its Coalition partner, the Liberal Party, lose 19 seats. After every election, the Nationals hold a party room meeting to decide their future policy platform…
UK to Overhaul Home Energy Rating System to Decarbonise Housing Stock
The UK government’s domestic energy performance assessment tool will be updated in a bid to decarbonise UK homes, it was announced on Tuesday. Building consultancy Building Research Establishment (BRE) said it has been tasked with developing the new Standard Assessment Procedure (SAP), dubbed “SAP 11,” which the BRE said will be more suited to technologies…
Aussie PM Scott Morrison Downplays Party Division on Net-Zero Targets
Australian Prime Minister Scott Morrison has downplayed talk of division within the ranks of the coalition Liberal-National Party on the issue of net-zero carbon emissions commitments. The catalyst for the debate was the Coalition’s candidate for the Queensland seat of Flynn, Colin Boyce, who said on April 26 that there was “wiggle room” in the…
Woke Investors Threaten the West’s Security
Commentary Since Russia attacked Ukraine two months ago, Western governments have been learning the hard way about the critical importance of energy to their national security. Germany’s 20-year, trillion-dollar ”Energiewende” (Energy Transformation) has made its economy totally dependent on supplies of Russian natural gas and paralyzed its response to Russian aggression. French president Emmanuel Macron faces a…
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