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The Palaszczuk government was last night urgently moving to ensure its other coal-fired power stations could step in to fill a 2000 megawatt shortfall after a major fire took out its Callide power station in Central Queensland, causing a widespread blackout and extreme spikes in power prices.
The cause of the fire at 1.45pm remains unknown but the outage will have major ramifications for the stateâs energy industry and the National Electricity Market. The energy market operator issued an urgent call late Tuesday for replacement supplies to prevent the collapse of the power system.
Fire has ripped through Callide Power Station, blacking out 400,000 customersâ homes in Queensland.Â
IEA call to end fossil fuels likely to fall on deaf ears in Asia, Australia Today 06:15 am JST Today | 07:06 am JST LAUNCESTON, Australia
It is probably just ironic coincidence, but the same day the International Energy Agency (IEA) called on the world to end fossil fuel investments, the Australian government announced plans for a new, $460 million natural gas-fired power plant.
The stark contrast between the two announcements is, however, emblematic of the challenges the world faces in transitioning from fossil fuel energy to cleaner renewables as efforts to combat climate change become more urgent and widespread across the globe.
The IEA s report on the pathway to net zero carbon emissions by 2050, released on May 18, warned that investment in oil, natural gas and coal projects must come to an end if the target has any chance of being reached.
Port Jackson Partners a new power at EY-Parthenon
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When a big-four consultancy buys a boutique, itâs usually the smaller firm thatâs forced to painfully conform to the mores of its new parent.
Mind you, the rule isnât iron-clad. Consider storied strategy consultancy Port Jackson Partners, which was purchased by EYâs global strategy brand, EY-Parthenon, this time last year.
From what we hear, the Port Jackson Partners types have certainly made their power known internally. They have, for example, two years under which theyâre allowed to retain the Port Jackson Partners name. And attempts to plan their absorption into the EY-Parthenon brand have experienced some hiccups. EYâs marketing staff have struggled just to get senior staff to attend meetings. Which, we suppose, should have the effect of stringing the whole thing out, whether or not thatâs intentional.
$100m battery to power up NSW schools, hospitals
May 25, 2021 – 12.01am
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A $100 million battery to be built in south-west NSW will support a $3.2 billion contract won by Shell and Edify Energy to power schools, hospitals and state government buildings for the next 10 years – in stark contrast to Canberra’s focus on gas to supply power on demand.
NSW energy minister Matt Kean said the 100-megawatt battery would provide critical “dispatchable” electricity before the closure of AGL Energy’s Liddell coal power station in 2023.
The battery will have a maximum power output of 100 MW, and capacity of 200 MWh, meaning it can run for two hours at maximum output before having to be recharged.
GRAPHIC - IEA s pathway to net zero emissions: tmsnrt.rs/3fpTPlJ
LAUNCESTON, Australia, May 20 (Reuters) - It is probably just ironic coincidence, but the same day the International Energy Agency (IEA) called on the world to end fossil fuel investments, the Australian government announced plans for a new, $460 million natural gas-fired power plant.
The stark contrast between the two announcements is, however, emblematic of the challenges the world faces in transitioning from fossil fuel energy to cleaner renewables as efforts to combat climate change become more urgent and widespread across the globe.
The IEA’s report on the pathway to net zero carbon emissions by 2050, released on May 18, warned that investment in oil, natural gas and coal projects must come to an end if the target has any chance of being reached.