Tim Buckley commends NSW commitment to PHS but says that Australia also needs to upscale a range of firming technologies, batteries and grid connectivity.
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Senator David Pocock and former Labor foreign minister Bob Carr join Tim Buckley in pressing the government to match nations like the UK and Indonesia and claw back fossil fuel multinationals’ superprofits.
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As energy minister Chris Bowen sacks the CEO of Snowy Hydro 2.0, Tim Buckley on cost blowouts in the scheme and conflict over the use of green hydrogen in the Kurri Kurri power plant.
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As Tim Buckley points out, the catastrophic drought in China has resulted in power shortages, since hydro is 20 per cent of generation.
As a result, major manufacturers have had to curtail operations – including some producers of solar cells.
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Tim Buckley on the need for tax reform to ensure a community dividend from the superprofits fossil fuel multinationals are making by exploiting Australians’ sovereign resources.
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Tim Buckley writes that there’s never been a better time – or a more urgent imperative – to take a cold, hard look at the super-profits currently enjoyed by fossil fuel companies.
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Tim Buckley says rocketing coal and gas prices are a blessing for exporters and a curse for everyone else as Australia’s biggest players – from oil and gas producer Santos to coal exporter Whitehaven and global mining giant BHP – book windfall gains.
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Tim Buckley: “While China leads the world in coal use, it also leads in wind and solar, EV production, batteries, hydro, nuclear, heat pumps, grid transmission and distribution, green hydrogen – every zero-emissions technology today.”
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As Tim Buckley writes, in the face of a global and domestic energy crisis of shortages and hyperinflation in all fossil fuel commodities, the AGL leadership farce continues.
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“A leading environmental and economic think tank is calling for urgent fossil fuel tax reforms that could add hundreds of billions to government coffers, accelerate decarbonisation, and even help to fix the current energy market crisis.”
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