Energy news dominates the headlines today with a paper from the Energy Security Board recommending reviving the controversial “Coalkeeper” policy, including polluting coal and gas in the energy capacity market. A capacity market that includes coal and gas will lock in more expensive electricity for longer, and leave consumers and businesses exposed. Victorian Premier Dan Andrews has already opposed the inclusion of fossil fuels in the capacity market.
While we’re in Victoria, a hearing on a proposed floating gas import terminal is making waves in the Geelong community, and a new report says Australia’s heavy industries could slash emissions by up to 80%, creating jobs along the way.
Victoria won’t have fossil fuels in backup energy plan
The Andrews government has vowed to block fossil fuel-fired power stations from receiving new payments to generators that can deliver electricity on demand.
Renewables help landlords dodge energy storm
A focus on improving building efficiency and rolling out renewables is shielding Australia’s largest landlords from soaring energy prices.
Public hearing into Viva Energy’s gas terminal plans begins
The proposed $250m terminal, which would be built by Viva Energy off the Refinery Pier in Corio Bay, was subject to public scrutiny through the project’s Environment Effects Statement (EES) process.
Japan Inc takes another step back from Australian coal
The original Japanese investor in Australian coal, Mitsui, has launched a sale process for a collection of Queensland coal assets in an effort to trim its exposure to Australian mines for the second time in three years.
Heavy industries in Australia’s regions could cut emissions by 80% and create a jobs bonanza, report says
Business leaders and decarbonisation experts say a high level of collaboration and coordination is needed for transition