News

News articles relating to the energy and telecommunications industries
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Nov. 24, 2021

Australia’s de facto carbon price hits $40/t as international markets take off after COP26

The positive sentiment in response to COP26 has begun to flow through the international carbon market, with agreements on rules for cross-border cooperation triggering record high prices in both compliance and voluntary markets – particularly for higher-end nature based offsets.
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Nov. 24, 2021

Marinus Link project likened to Snowy 2.0 in damning new report warning of ‘dead-weight loss’

A proposed undersea power cable and electricity storage project in Tasmania would not be able to compete with cheaper battery storage in Victoria, a report has found.
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Nov. 24, 2021

Funding boost to power offshore wind farms in Victoria

Australia’s fledgling offshore wind industry has been given a funding boost, with the Victorian government pledging almost $40 million towards proposals for three wind farms off the Gippsland coast.
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Nov. 24, 2021

Gas buyers fear fresh price surge amid Europe crunch

Prices for natural gas on the east coast have almost doubled over the past month, causing fresh worries for manufacturers all too aware of the crisis that surging prices has caused in Britain and Europe, where businesses have gone broke and plants closed down.
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Nov. 24, 2021

Shell acquisition heats up mass market retailing

Shell has further jacked up the competitive threat to traditional electricity suppliers such as AGL Energy, snapping up the 185,000 customers of online green retailer Powershop in what is the energy giant’s entry into the mass market for power on the east coast.
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Nov. 10, 2021

Scott Morrison’s electric vehicle goal ‘too low’, says Trevor St Baker

Energy billionaire and long-time Liberal donor Trevor St Baker has questioned Scott Morrison’s new electric vehicle strategy, believing the goal to have 1.7 million electric vehicles on Australian roads by 2030 is unambitious.
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Nov. 10, 2021

Australia needs to lift its game on R&D spending to reach net zero

A reliance on technological advances to cut emissions in the federal government’s net zero plan means Australia needs to significantly lift its investment in research and development, with the sector looking for a $2.4 billion fund ahead of next year’s election.
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Nov. 10, 2021

State moves to intervene in Palmer’s bid for coal-fired power station

The state government has moved to intervene in a bid by Clive Palmer to build a controversial coal-fired power station in Central Queensland.
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Nov. 10, 2021

Newcastle port eyes green hydrogen future

Macquarie Group, Snowy Hydro and Chinese-controlled pipeline owner Jemena are all involved in a group that will examine a potential green hydrogen hub in Newcastle that could have a capacity of 1 gigawatt by 2030.
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Nov. 10, 2021

Net-zero vow fails to ‘shift the dial’ as renewables investment stalls

Investment in Australia’s renewable energy industry is drying up as developers warn a disproportionate level of risk is deterring the build-out of the next wave of wind and solar projects urgently needed to wean the nation off fossil fuels.