Australia’s plan to tax carbon emissions cleared its final political hurdle on Tuesday but industry groups remain critical of the scheme, arguing it’s too expensive and will deliver few benefits to the wider economy, or succeed in cutting pollution.
Australia’s solar power industry is experiencing a boom in customer demand thanks in part to a significant increase in current electricity prices, and a forecast of more price hikes to come. When combined with the generous government rebates and feed in tariffs on offer, the expected price hikes are contributing to a surge in residential solar power installations.
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Solar energy speculators want to build a solar tower facility in Arizona that would be more than three times the height of the Eiffel Tower. Here’s the thing: the proposed project is a lot less speculative today than it was two weeks ago.
A price on carbon will be the elusive prize for the early movers in the renewable energy sector
AUSTRALIA’S clean energy sector is struggling because of delays in the imposition of an emissions trading scheme, leaving the renewable energy target system devised by the Howard government as the only reliable economic carrot worth chasing.
Business owners across the country are grinding their teeth at the delays in putting a price on carbon, the single most critical element in any energy regime that wants to increase the economic attractiveness of renewables and decrease reliance on coal-fired power generation, currently the cheapest system by a long way.
WESTPAC, the country’s second-largest bank, has flagged its lending policies will favour energy efficiency and clean energy projects over new coal-fired power stations as momentum grows for the introduction of a price on carbon emissions.
Waves crashing on to Australia’s southern shores each year contain enough energy to power the country three times over, scientists said on Tuesday in a study that underscores the scale of Australia’s green energy. The research, in the latest issue of the journal of Renewable and Sustainable Energy, comes as the nation is struggling to wean itself of years of using cheap, polluting coal to power the economy and to put a price on carbon emissions.