Australia has officially launched the country’s first offshore wind farm zone, with government officials and environmental advocates touting the project as a “game changer” for the domestic energy market. The zone is located on the coast of Gippsland south of Victoria and covers about 15,000 square kilometres (5,790 square miles) offshore, running from Lakes Entrance…
Australian Renewable Energy Agency to Fund Construction of 8 Grid-Forming Batteries
The Australian Renewable Energy Agency (ARENA) announced Saturday that it would fund the construction of eight large-scale batteries that will boost the country’s grid-forming storage capacity tenfold. Federal Minister for Climate Change and Energy, Chris Bowen, said that ARENA would allocate $176 million to the projects, which are expected to cost $2.7 billion. Each battery…
Energy Minister Dismisses Concerns Over Gas Price Cap, Opposition Says Plan Doesn’t Address Supply Shortfall
Energy Minister Chris Bowen has dismissed criticism from power companies following government plans to cap the price of gas and coal, but the opposition warned the centre-left Labor government’s plan will restrict supplies. National cabinet on Friday agreed to cap gas at $12 a gigajoule and coal at $125 a tonne for 12 months, as…
Australian Government Announces $10 Billion Renewable Energy Investment Scheme
The Albanese government has received approval from state and territory governments to establish a scheme that will drive investment into renewable dispatch capacity as energy prices soar. Federal Energy Minister Chris Bowen announced that a capacity investment scheme will ensure renewable energy reliability. “This new revenue underwriting mechanism will unlock around $10 billion (US$6.8 billion)…
Energy Minister Pushes for States Collaboration to Reduce Energy Prices
December 6, 2022
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The federal minister for climate change and energy, Chris Bowen, has indicated the Australian government will be looking to the states to lower energy prices at the meeting with energy ministers in Canberra on Thursday. This comes as the federal government seeks to address the current skyrocketing price of electricity and gas, which has been…
Recklessly Charging Towards Renewable Energy Could Be Detrimental
November 6, 2022
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anthony albaneseAustraliaBusiness & MarketsChris BowenCOP27energyfossil fuelInternationalNuclearOpinionRenewable EnergyViewpointsWorld
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Commentary Australia Energy Minister Chris Bowen left the country on the weekend to attend COP27 at the luxurious location of Sharm-el-Sheik on the Red Sea, Egypt. Leaving aside the huge carbon emissions just for getting himself there, one would have thought that presiding over the steepest rise in energy prices since records began should be…
Australia to Amend Energy Laws to Rein in Soaring Gas Prices
Australia’s federal and state energy ministers have agreed to amend the current energy laws to pave the way for short-term interventions in the energy market in an effort to bring prices down. During a meeting in Melbourne, the ministers continued to progress reform areas agreed upon in the previous meeting in August as they were…
Australia Joins UN Methane Reduction Scheme, Pledges Funding for Flatulence Pill
October 23, 2022
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AustraliaBusiness & MarketsChris Boweneconomic policiesenergyInternationallivestockmethanemethane emissionsWorld
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The Australian Labor government has signed on to the United Nation’s Global Methane Pledge that commits to cutting emissions of gas by 30 percent by 2030. The move follows in the footsteps of 120 other countries, including the United States, the United Kingdom, and the European Union. Under the voluntary pledge, the government will roll…
Methane Tax Will ‘Take Away the Backyard BBQ,’ Nationals Leader Warns
October 13, 2022
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anthony albaneseAustraliaBusiness & MarketsChris Bowenclimate changeDavid LittleproudenergyJacinta Ardernmethane taxWorld
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Leader of the centre-right Nationals Party has urged Labor not to adopt New Zealand’s style methane tax, saying it will cost Australians at the grocery store amid the cost of living crisis. It comes following the news on Thursday that the Labor government is looking to pledge its support to U.S. President Joe Biden’s global…
Labor Government Launches Bid to Build ‘World’s Largest’ Renewable Hydrogen Plant
October 6, 2022
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Asia & PacificAustraliaBusiness & MarketsChris Boweneconomic policiesenergyhydrogenInternationalWorld
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The federal Labor government has launched a bid to build what it claims to be the “world’s largest renewable hydrogen” facility in Brisbane, Australia. The government-backed Australian Renewable Energy Agency will put $13.7 million into the development of a green hydrogen facility dedicated to decarbonising an ammonia plant. The grant will go to billionaire Andrew…
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