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How Taylor and Murdoch media distort problems with renewables and gas - Vimarsana News

How Taylor and Murdoch media distort problems with renewables and gas

4 March 2021 Earlier this week we learned from The Guardian that the federal government has established a “myth-busting unit” to address what health minister Greg Hunt calls “plainly ridiculous” misinformation and conspiracy theories surrounding the rollout of the Covid-19 vaccine in Australia. Good idea. And it occurred to us that maybe the federal government should also create a similar unit focused on climate and energy. But it had better be well-resourced, because it’s going to have to spend a lot of time debunking some of the stuff coming from its own ministers, the back-benc...

Renewables boom prompts calls to start planning for Yallourn coal closure, community groups say - Vimarsana News

Renewables boom prompts calls to start planning for Yallourn coal closure, community groups say

Analysts say the renewables boom is killing coal, prompting community groups to call on the Victorian government to start planning for Yallourn's shutdown now.

Source: abc.net.au
Renewable energy boom could force coal power to close early, says new report - Vimarsana News

Renewable energy boom could force coal power to close early, says new report

Renewable energy boom could force coal power to close early, says new report WedWednesday 24 AGL's Bayswater power station in the NSW Hunter Valley ( Share Print text only Cancel An analysis of Australia's energy market has found a number of the nation's coal-fired power stations could be financially unviable by 2025 and at least one may be forced to close early. Key points: Coal-fired generation will drop by 28 per cent Industry acknowledges increasing pressure The joint report by the Institute for Energy Economics and Financial Analysis (IEEFA) think thank and advisory firm Green Energy Mar...

Source: abc.net.au
Coal power stations 'going broke': Schott - Vimarsana News

Coal power stations 'going broke': Schott

At the current rate of renewable energy growth, coal power stations could shut four or five years earlier than their rated lifespan, Energy Security Board chairwoman Kerry Schott says.

Source: afr.com
S&P/ASX 200 breaks above 6,800 for the first time since late February 2020 - Vimarsana News

S&P/ASX 200 breaks above 6,800 for the first time since late February 2020

S&P/ASX 200 breaks above 6,800 for the first time since late February 2020 Brent crude oil price gained 40 cents to US$56.30 a barrel on expectations that U.S. President Joe Biden’s administration will deliver a massive stimulus spending that will lift fuel demand. Australia’s unemployment rate came in at 6.6% in December. S&P/ASX 200 (INDEXASX:XJO) is rising for a third consecutive day with the index 0.68% higher at 6,816 points by 1.51 pm and breaking above the 6,800 point mark for the first time since late February 2020. This followed a positive lead from Wall Street where ...