Energy summit: Carbon tax a fairer way to reach 2030 carbon target

confirmed the faltering energy transition was well behind the target of 82 per cent renewables by 2030 that also underpins the legislated, economy-wide target of 43 per cent carbon emissions reduction.

If Australia doesn’t reach the renewable target by 2030, it won’t reach the decarbonisation target either. of Origin Energy, on the public-benefit grounds that the Canadian asset manager giant was better placed to speed up the decarbonisation of the nation’s biggest electricity producer.Energy expert Matthew Warren said there was no plan B, as ageing coal plants deteriorated and the Victorian Labor government ruled out gas peaking back-ups.

These sectors are among the so-called “hard to abate” ones that involve high levels of emissions that are costly to reduce. Climate Change and Energy Minister Chris Bowen has announced that the next step to the interim target is to develop sectoral decarbonisation plans, including for electricity and energy, industry, the built environment, agriculture and land, transport, and resources.

The consensus across the spectrum of opinion on day two of the Summit was that the energy transition that Labor is counting on to make an outsized contribution to cutting emissions is in trouble.From different perspectives, former Snowy Hydro chief executive Paul Broad and climate advisory group Pollination’s Zoe Whitton both warned of blackouts this coming El Nino summer.

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Andrew Forrest’s Squadron Energy to spend $20bn on renewables by 2030Squadron has recently expanded to become Australia’s biggest renewables player after its $4.2 billion purchase of CWP Renewables late last year.
Source: FinancialReview - 🏆 2. / 90 Read more »

AFR Energy Summit: Westinghouse Electric executive Rita Baranwal says energy minister Chris Bowen’s nuclear maths ‘doesn’t make sense’A Westinghouse Electric executive argued bringing nuclear into the energy grid could be done far more cheaply, as the Coalition said it would consider overturning the ban.
Source: FinancialReview - 🏆 2. / 90 Read more »

AFR Energy Summit: Boral CEO Vik Bansal ‘extremely nervous’ that high energy prices undermines housing, infrastructure plansBoral is having to regularly wind back production when power prices spike, showing the toll that Australia’s stumbling energy transition is taking on manufacturing.
Source: FinancialReview - 🏆 2. / 90 Read more »

Energy Minister Chris Bowen calls on Opposition Leader Peter Dutton to come up with his own nuclear energy cost estimatesThe Energy Minister has called the opposition dishonest for suggesting that nuclear power could be cheaper than renewables.
Source: FinancialReview - 🏆 2. / 90 Read more »

Grok missed Origin Energy’s fast-growing OctopusGrok Ventures is doing well on its AGL Energy shares, but it could’ve made a tonne of money in something that Origin Energy would later buy into.
Source: FinancialReview - 🏆 2. / 90 Read more »

Coalition are ‘climate charlatans’ making false claims about Australia’s nuclear power potential, energy minister saysChris Bowen describes the opposition’s promotion of the banned energy source as an attempt to ‘continue the culture climate wars’
Source: GuardianAus - 🏆 1. / 98 Read more »