[the_ad id="121217"]

popular articles

Australia: Government defends Coal and Gas

Australia's coalition government proposes a subsidy for coal and natural gas-fired power generation.| Australia's coalition government proposes a subsidy for coal and natural gas-fired power generation.

Please share:

Australia is proposing a subsidy for coal and natural gas-fired power generation.
The aim is to solve a problem which, according to the country’s energy market operator, does not exist.

Australia relies on coal and natural gas production

The Liberal-National Conservative coalition government of Australian Prime Minister Scott Morrison is backing a plan to introduce a Physical Retailer Reliability Obligation (PRRO) mechanism whereby electricity retailers would be required to pay generators for unused capacity if and when necessary.
Federal Energy Minister Angus Taylor announces that payment for unused capacity is necessary to ensure that the electricity grid is stable and has sufficient supply, and that the PRRO would be technology-neutral in that battery farm and pumped hydro operators would also be eligible to receive payment.

Unused coal and gas capacity

In fact, the vast majority of Australia’s unused capacity on the electricity market in the populous eastern and southern states comes from aging coal-fired generators and often idle natural gas power stations.
Australia’s electricity system is divided into two parts.
On one side is the NEM, which connects the most populous states of New South Wales, Victoria and Queensland.
As well as Tasmania, South Australia and the Australian Capital Territory.
On the other hand, the State of Western Australia and the Northern Territory operate separate power grids from the NEM.
They are unable to export or import electricity from the rest of the country.

Government refuses to commit to carbon neutrality by 2050

Prime Minister Morrison and members of his government have refused to commit to a net zero emissions target by 2050, putting Australia out of step with much of the rest of the world.
However, even the current target of keeping emissions 26-28% below 2005 levels by 2030 will be difficult to achieve.
Unless more coal and natural gas leave the electricity grid.
The AEMO report clearly indicates that the energy market is in transition.
4.4 GW of new utility-scale generation and storage capacity is expected online over the next five years.
Much of which will come from renewable energies.
Another 8.9 GW of residential and commercial rooftopsolar is also expected to be added to the market, according to the report.

Renewable energies can replace coal

This will be more than enough to offset the planned retirements of coal-fired power plants, states AEMO in its 2021 State of Electricity Opportunities report.
What the market operator does recommend is to work on improving the transmission network to cope with the growing share of renewables in the market.
In the run-up to COP26, the world’s 15th-largest CO2 emitter must therefore pledge its climate commitments to the international community.

Register free of charge for uninterrupted access.

Publicite

Recently published in

The clean energy technology market could reach a value of $2 trillion by 2035, driven by solar, wind, electric vehicles, and other innovations, according to the latest IEA report.
For two weeks, a power outage caused by jihadist sabotage has affected 19 states in northern Nigeria, paralyzing daily life for millions and weighing heavily on the local economy.
For two weeks, a power outage caused by jihadist sabotage has affected 19 states in northern Nigeria, paralyzing daily life for millions and weighing heavily on the local economy.
Belgium’s ambitious artificial island in the North Sea, designed to centralize renewable energy distribution, sees its costs triple, raising concerns about its financial and environmental future.
Belgium’s ambitious artificial island in the North Sea, designed to centralize renewable energy distribution, sees its costs triple, raising concerns about its financial and environmental future.
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
The "Forecasting Green Jobs in Africa" report by FSD Africa and Shortlist reveals the potential to create millions of green jobs on the continent by 2030, focusing on key sectors like energy, agriculture, and sustainable mobility.
[the_ad id="121209"]
[the_ad id="121211"]
As COP29 approaches, a UN report highlights that current climate commitments will not suffice to limit global warming to 1.5°C, endangering economies and human lives.
By leveraging its nickel resources, Indonesia inaugurates its first battery plant with the ambition of becoming a major player in the electric vehicle supply chain.
By leveraging its nickel resources, Indonesia inaugurates its first battery plant with the ambition of becoming a major player in the electric vehicle supply chain.
A new UN report highlights the urgency of accelerating global emission reductions, with strengthened targets expected by February 2025 to avoid a catastrophic 3°C temperature rise.
A new UN report highlights the urgency of accelerating global emission reductions, with strengthened targets expected by February 2025 to avoid a catastrophic 3°C temperature rise.
The opposing positions of Kamala Harris and Donald Trump on climate policy make the American election a crucial moment for the world’s environmental future.
The opposing positions of Kamala Harris and Donald Trump on climate policy make the American election a crucial moment for the world’s environmental future.
[the_ad id="121213"]
[the_ad id="121214"]
After years of conflict surrounding the Western Guyanese power plant, an unprecedented agreement has been signed with the Amerindian village of Prospérité, including an endowment fund to support local development.
Ahead of COP29, the Climate Change Committee recommends that the UK commit to an ambitious 81% reduction in greenhouse gas emissions by 2035, reinforcing its role in the global fight against climate change.
Ahead of COP29, the Climate Change Committee recommends that the UK commit to an ambitious 81% reduction in greenhouse gas emissions by 2035, reinforcing its role in the global fight against climate change.
Ontario announces an ambitious plan to meet a 75% increase in electricity demand by 2050, focusing on nuclear, hydropower, and natural gas.
Ontario announces an ambitious plan to meet a 75% increase in electricity demand by 2050, focusing on nuclear, hydropower, and natural gas.
Up to £10 billion of pre-tax value could be unlocked in the North Sea if the UK adopts an incentive-based tax policy, restoring trust between the government and the oil and gas industry.
Up to £10 billion of pre-tax value could be unlocked in the North Sea if the UK adopts an incentive-based tax policy, restoring trust between the government and the oil and gas industry.
Trump's potential return to the "Schedule F" measure could ease energy project approvals but risks legal delays due to the replacement of technical experts with political appointees.
Denmark will not meet the 90% gas storage threshold by November 1st due to production and maintenance delays, according to the Danish Energy Agency.
Denmark will not meet the 90% gas storage threshold by November 1st due to production and maintenance delays, according to the Danish Energy Agency.
The Vietnamese government has introduced a decree limiting solar electricity surplus sales to 20% of installed capacity. This cap could hinder industrial and commercial adoption of renewable energy.
The Vietnamese government has introduced a decree limiting solar electricity surplus sales to 20% of installed capacity. This cap could hinder industrial and commercial adoption of renewable energy.
China is rapidly advancing in its energy transition, increasing its renewable energy capacities while remaining dependent on liquefied natural gas to support its growing electricity demand.
China is rapidly advancing in its energy transition, increasing its renewable energy capacities while remaining dependent on liquefied natural gas to support its growing electricity demand.
[the_ad id="121219"]
South Korea will raise industrial electricity rates by 9.7% starting October 24, 2024. This measure, which does not affect households, aims to reduce Kepco's growing losses.
An unprecedented surge in electricity demand is testing US infrastructure. Data centers and the manufacturing sector play key roles in this growth.
An unprecedented surge in electricity demand is testing US infrastructure. Data centers and the manufacturing sector play key roles in this growth.
Renewable energy production costs, especially wind and solar, continue to decrease in 2024, surpassing fossil fuels in many markets, according to a report by Wood Mackenzie.
Renewable energy production costs, especially wind and solar, continue to decrease in 2024, surpassing fossil fuels in many markets, according to a report by Wood Mackenzie.
The UK launches a plan to modernize its energy infrastructure, aiming to accelerate the transition to renewable energy and reduce costs by 2050, with a focus on offshore wind, hydrogen, and energy storage.
The UK launches a plan to modernize its energy infrastructure, aiming to accelerate the transition to renewable energy and reduce costs by 2050, with a focus on offshore wind, hydrogen, and energy storage.
Cambodia plans to increase its electricity import capacity by over 50% in two years through agreements with Laos, Vietnam, and Thailand, thereby strengthening its energy security and diversifying its renewable sources.
Uzbekistan is committing $1.3 billion to waste-to-energy projects, aiming to diversify its energy sources and improve waste management in partnership with international companies.
Uzbekistan is committing $1.3 billion to waste-to-energy projects, aiming to diversify its energy sources and improve waste management in partnership with international companies.
Turkey quadruples its wind and solar capacity to 120 GW by 2035, requiring $108 billion in public and private investments to reduce dependence on fossil fuels and support a carbon-neutral economy.
Turkey quadruples its wind and solar capacity to 120 GW by 2035, requiring $108 billion in public and private investments to reduce dependence on fossil fuels and support a carbon-neutral economy.
The French government presents its first multi-year strategy aimed at increasing low-carbon investments by €110 billion by 2030, thereby supporting the country's ecological and energy transition.
The French government presents its first multi-year strategy aimed at increasing low-carbon investments by €110 billion by 2030, thereby supporting the country's ecological and energy transition.

Advertising