Climate Council
An Appalling Decision: Federal Government To Fund New Gas Power Station
Energy and economics experts have slammed the Federal Government’s decision to fund another gas-fired power station in the Hunter region of New South Wales as a waste of taxpayer money that will push up electricity prices and worsen climate change.
The announcement was made on the same day the International Energy Agency advised that there can be no new gas, coal, or oil projects if the world is to achieve net zero emissions by 2050.
The Federal Government will spend up to $600m on the Kurri Kurri power station even though it makes no commercial sense and will be harmful to Australians.
Twenty big batteries planned for Victoria afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
7 May 2021
In our latest Australian Electricity Outlook (AEO) for the National Electricity Market (NEM), published on Thursday, we present our expectations for LGC and wholesale electricity price development in each region of the NEM over both medium-term (four years) and long-term horizons (20 years).
Modelling considers a Central Case for electricity price development in line with RepuTex’s view of the current transition of the energy industry and market drivers, along with an Alternative Case reflecting AEMO’s “Step Change” shift to renewable energy, accounting for faster coal closures, technological improvements and more aggressive action on climate change in line with a “well below 2°C” Paris climate commitment (to achieve net-zero emissions prior to 2050).
[co-authors: Lilly May, Michael Kralic]
There have been a number of policy and funding developments applicable to the hydrogen energy industry in Australia since the release of K&L Gates
The H
2 Handbook in October last year. These developments have come at both commonwealth and state level and highlight the current governmental appetite to foster the emerging Australian hydrogen industry and to position Australia as a global hydrogen leader.
This article reflects on the state of play across Australia, providing a high level consolidated overview of these updates and supplementing the Australian chapter of
The H
Australian Policy Updates
New South Wales
The market can generate a power supply fix without state involvement
Energy Australiaâs Tallawara B gas plant proves the private sector can deliver cost-effective, low-emissions electricity, and why the government should step back from big stick interventions.
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EnergyAustralia on Tuesday announced it will build a 316-megawatt, open-cycle gas turbine â gas peaking plant â in the Illawarra region of NSW.
This decision is an all-round win for industry, governments and consumers â an unusual outcome in a sector more often beset by uncertainty and animosity.
The Tallawarra B plant will lie next to EnergyAustraliaâs existing power station in NSW.Â