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The resumed growth of Australia’s greenhouse gas emissions after almost a decade of consistent decline shows the scale of the challenge ahead if Australia is to meet its climate commitments.
This week’s RepuTex analysis forecasts that national emissions will rise 6% by 2020, with no peak in sight until 2030. The signs are that the uptick for 2014-15 marks a reversal of the recent downward trend proclaimed by federal environment minister Greg Hunt.
In a surprising 6-2 decision, the Supreme Court upheld a controversial energy conservation rule from the Federal Energy Regulatory Commission (FERC), the agency that regulates interstate electricity sales. The rule was one of those arcane pieces of federal policy so complex that even attorneys arguing for and against had difficulty explaining it. Yet this particular decision by the court is one of the most important in the energy world for many years – not because it upheld a particular FERC rule but because the decision seems to tip the balance of power on electricity policy toward the federal government and away from the states.
After a 6 month period of price falls solar power system prices started to rise slightly in all Australian cities increasing by approximately 5c/W.
Wind power and solar power are ways to reduce carbon emissions, but these generation sources are dependent on the vagaries of the weather, which means neither wind nor solar can produce electricity on-demand at all hours of the day. This variability has led many to assume that greatly expanding wind and solar to reduce carbon emissions will cause electricity costs to skyrocket and require expensive energy storage.
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