Commentary After a year of ongoing energy crises—both global and local—nothing should surprise the industry anymore. Nevertheless, when Premier Daniel Andrews announced a re-nationalisation policy for Victoria on Oct. 20 it caught many people off-guard. If they win the next election, the Victorian Labor party—currently governing Australia’s second most-populous state—will be reviving the State Electricity…
Victoria’s Net-Zero Nationalisation Move Fraught With Risks
October 30, 2022
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Victoria’s Move to Re-Nationalise Energy Sector Fraught With Risks
October 30, 2022
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AustraliaAustralia renewablesAustralian Labor PartyBusiness & Marketsdan andrewsdaniel andrewsenergyInternationalnet zeroOpinionRenewable EnergyvictoriaVictorian Labor PartyViewpointsWorld
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Commentary After a year of ongoing energy crises—both global and local—nothing should surprise the industry anymore. Nevertheless, when Premier Daniel Andrews announced a re-nationalisation policy for Victoria on Oct. 20 it caught many people off-guard. If they win the next election, the Victorian Labor party—currently governing Australia’s second most-populous state—will be reviving the State Electricity…
Green Policies Damage Economy, Have ‘No Impact on the Climate’: Witnesses at PA House Hearing
The Pennsylvania House Environmental Resources and Energy Committee held a contentious hearing on Monday, titled “Fossil Fuels: Driving America’s Economy and Quality of Life.” As the legislative session winds down, it is common for committees to hold informational hearings on pet issues that may set the tone for the next session. No specific legislation was attached…
Victorian Labor Pledges $1 Billion to Revive State-Owned Energy Giant to Fast Track Net-Zero Push
October 21, 2022
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Weeks prior to the state’s election, the Labor government is pledging $1 billion (US$628 million) to revive Victoria’s State Electricity Commission (SEC) to fast-track the state’s net-zero push. Under the plan, the SEC will be directed to spend that money on building renewable energy projects to provide 4.5 gigawatts of power aimed at replacing the…
Wind Turbine With Blades Taller Than the Sydney Harbour Bridge Breaks World Record
October 12, 2022
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A wind turbine spanning a distance taller than the Sydney Harbour Bridge and Statue of Liberty has set the world record for the highest power output over a 24-hour period: 359 megawatt-hours. The 14-222 DD offshore wind turbine, developed by Siemens Gamesa, can generate enough power for a mid-sized car—like the Tesla Model 3—to drive 1.12…
MPs Call on UK Government to Ditch 2030 Ban of New Petrol and Diesel Cars
A number of MPs on Tuesday called on the government to ditch its plan to ban the sales of new petrol- and diesel-powered cars and vans from 2030 as a new analysis estimated the cost of the policy will be five times the benefit. Craig McKinlay, Conservative chair of the Net Zero Scrutiny Group and the All-Party…
Pill That Cuts Down Cow Flatulence, Belching Hits Global Market
October 11, 2022
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A pill designed to cut down flatulence and belching from cows is now being sold around the world as part of the global push to reduce emissions, according to Australia’s CSIRO. Scientists have blamed the livestock industry for being the number one agricultural source of emissions, accounting for an estimated 14.5 percent of global greenhouse…
Net-Zero to Force Electricity Prices to Spike 35 Percent, Aussie Energy Boss Warns
October 10, 2022
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The head of one of Australia’s largest energy company’s has warned electricity prices in the country could spike by more than 35 percent amid the push for net-zero. “When we run our modelling for energy pricing next year, using the current market prices, tariffs are going up a minimum 35 per cent,” said Jeff Dimery,…
Net Zero to Force Electricity Prices Up 35 Percent, Aussie Energy Boss Warns
October 10, 2022
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The head of one of Australia’s largest energy company’s has warned electricity prices in the country could spike by more than 35 percent amid the push for net-zero. “When we run our modelling for energy pricing next year, using the current market prices, tariffs are going up a minimum 35 percent,” said Jeff Dimery, CEO…
Australia’s National Postal Service Sets 2050 Net-Zero Target
October 5, 2022
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Australia’s national postal service will aim to reach net-zero by 2050, under a new sustainability road map released on Oct. 5. The move will make Australia Post the first government business enterprise to set a net-zero emissions target and will see the organisation roll out a series of initiatives aimed at decarbonising its operations. It…
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