Thread: Renewable energy exploding

No one will finance new coal stations because they will become stranded assets in the future.
That's the reality.

Funny I know of 4 being planned at the moment.
I cannot say more as it was told in confidence.
But don't take everything you hear in media as true.

Regards PhilipA

Do any of them have finance? That's the key.

Of interest I think as I see local government, state not necessarily Feds leading the changes about to change

"Chief Scientist Alan Finkel will kick off the COAG energy council meeting - the only such gathering in 2019 - with a presentation on Australia's National Hydrogen Strategy, according to a copy of the agenda obtained by The Sydney Morning Herald and The Age."

With game changing bio gas use for carbon free production of hydrogen being one of my mad investments I note coal bulls getting upset with Vic "Coal on 'life support': unions demand closure deal at Yallourn"

A some papers I just received re 50+ Hydrogen trains needs a French friends help which I am lucky to have happily.

COAG energy council meeting will be entertaining as I think competition between states is assured. WA with billions in the game already seems to be best place for this I think.

I can't post it here because it is political, but The Guardian has a story about the leaked agenda for the COAG meeting.
Basically, the feds are trying to get support for their ineffectual emissions reduction fund, but the states are demanding federal funding for their power generation projects.

Only thing the feds care about a lot is that the budget gets into surplus. Although that serms to be changing a little bit. No energy policy, unless it's about coal, no climate change policy, unless it includes coal. Laughed at the SA battery solution.
And btw from a leading economist "the only reason for a budget surplus is to slow the economy in order to control inflation".

The reason for a budget surplus is fundamentally to avoid getting back into the "recession we had to have", which was the result of deficit plus high interest rates leading to a ridiculous proportion of federal revenue going into servicing debt. (And Australia got of lightly compared to some other countries!)

With the current very low interest rates, plus sluggish economy, there is a very good case for downgrading the priority of a surplus.

Particularly if the money is spent on productive nation building projects which grow the economy.

Low-carbon energy makes majority of UK electricity for first time

Low-carbon energy makes majority of UK electricity for first time | Environment | The Guardian