Australian federal Treasurer Jim Chalmers hopes to introduce a swathe of tax incentives—similar to some state governments—to help spur electric vehicle (EVs) sales in the country. It comes as the Labor Party puts forward legislation on the first day of Parliament, July 27, to enshrine a hard emissions reduction target of 43 percent by 2030….
Australian Greens Play Hard Ball With Labor Government Over Net-Zero Deal
July 25, 2022
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Australian Prime Minister Anthony Albanese is set for a tough fight with Greens leader Adam Bandt who is standing firm on legislating emissions reduction targets so that successive governments can never repeal them. The Labor government is set to introduce a new bill to enshrine climate change and net-zero policy into law but needs the left-wing Greens…
Left-Wing Australian Greens Play Hard Ball With Labor Government Over Net-Zero Deal
July 25, 2022
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Adam Bandtanthony albaneseAustraliaAustralian GreensBusiness & Marketsclimate changeeconomic policiesenergyInternationalnet zeroWorld
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Australian Prime Minister Anthony Albanese is set for a tough fight with Greens leader Adam Bandt who is standing firm on legislating emissions reduction targets so that successive governments can never repeal them. The Labor government is set to introduce a new bill to enshrine climate change and net-zero policy into law but needs the left-wing Greens…
Race Towards Net Zero Will Break Energy Market, Drive Up Energy Price: Analyst
An analyst has warned that the push for net zero with existing renewables technologies by 2050 will break the energy market and lead to a stark increase in Australia’s energy price within a decade. It comes as Australia, and the world, continues to struggle with an energy crisis amid supply issues plaguing much of the…
Businesses Yet to Fully Grasp China Supply Chain Risk Amid Net-Zero Push: Energy Lawyer
July 13, 2022
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Businesses have yet to fully grasp the risks of relying on Chinese supply chains, an issue that will become more critical as the net-zero push sets to increase Australia’s reliance on China, according to energy lawyer Scott Schlink. Schlink, a partner at Holding Redlich, said that in the “foreseeable future,” Australia would continue to rely…
‘Big 3’ Power Providers Announce Price Hikes Amid Ongoing Energy Volatility
July 6, 2022
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Households and businesses in Australia will pay more for electricity and gas in the coming months as energy providers work to deal with soaring wholesale costs. The latest of the “Big Three” energy providers, EnergyAustralia, announced its price hikes set to affect around two-thirds of its 2.4 million customers on Aug. 1. The other one-third…
Ford Motor Follows Tesla Locking in Lithium Supply With Australian Miner Liontown
June 29, 2022
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U.S. auto giant Ford Motor Co. has followed in the footsteps of Tesla and Korea’s LG Energy Solution after striking a deal with Australia’s Liontown Resources for the lithium supply for the next five years. The move comes as automakers scramble to secure the supply of the valuable commodity as the global pursuit of net-zero…
When It Comes to Energy, Ottawa Is Committing Suicide
Commentary We may soon need to lay Ottawa to rest, following its decision to deny itself the necessities of life. The fateful die was cast last month after the Enbridge energy company made what it believed to be an urgent and uncontroversial application to the Ontario Energy Board to replace a corroded 65-year-old natural gas…
Automotive Giant Stellantis Buys Stake in Aussie Miner as Lithium Costs Skyrocket
June 24, 2022
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The world’s fifth-largest automaker Stellantis—manufacturer of 14 makes, including Jeep, Maserati, and Chrysler—will become the second-largest shareholder of Australian lithium miner Vulcan Energy Resources. To fuel its ongoing electric vehicle sales, the carmaker will pay $76 million (US$52.45 million) to acquire an eight percent stake in Vulcan. The move comes as electric automakers explore ways…
Disposal Plan Needed for Tonnes of Future Wind Turbine Waste: Expert
June 22, 2022
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Over 40 million tonnes of “blade waste” will need to be disposed of worldwide by 2050, spurring engineering and manufacturing experts to call on governments to implement “end of life” plans for the plethora of wind farms now emerging across developed countries. A new study involving Professor Peter Majewski from the University of South Australia…
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